In addition to advising public company and individual clients with respect to Section 16 of the Securities Exchange Act of 1934, we provide advice regarding other regulatory restrictions relating to the sale by officers and directors of the securities of the issuers they serve. These include restrictions upon the transferability of securities imposed by the Securities Act of 1933, as well as compliance with the various exemptions thereunder, including the exemptions contained in Rule 144. Our advice also extends to the restrictions imposed by the insider trading provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.