- posted 13 years ago
I am a regular employee (ie, non-executive) at a company that is in the process of restating earnings after it was determined that stock options were incorrectly adjusted (though, my options weren't adjusted). Because of this, the company has put a hold on all options. My problem is that I exercised some options some time ago, and I decided to hold them. Last week I tried to sell options that I had exercised, and my broker told me that my company has blocked any trades on those options. Is this legal? Has anyone experienced this before? I've paid for these options and now I can't sell them? It doesn't seem right and I'm thinking I should talk to a lawyer.