Knowing this background, the meaning of this sentence is easy to understand. (Our) issuer has attached the restriction statement to all subscription cards issued according to laws (regulations).
American regulation is a masterpiece of the SEC. Certificates refer to restricted stocks managed by securities certificates. American regulations.
I suggest you refer to the following laws. Restrict the single-use exemption of securities holders. To take advantage of this rule, you must meet several conditions, including a one-year holding period.
Even if you have met all the conditions of rule 144, you can't sell your restricted securities to the public until you have deleted the legend from the certificate. Only the transfer agent can cancel the restrictive legend. However, the transfer agent will not delete the legend unless the issuer agrees-usually in the form of an opinion from the issuer's lawyer to the transfer agent.
If you want to delete the restricted legend, you should contact the company that issued the securities or the transfer agent of the company's securities to inquire about the procedure for deleting the legend. If you have an agent, you may want to ask your agent to help you.
If there is a dispute about whether the restricted legend can be deleted, the SEC usually does not intervene. Deleting the legend is entirely at the publisher's discretion. State laws, not federal laws, cover disputes about removing legends.
If you are considering buying restricted securities, it is wise to consult a lawyer who specializes in securities law. To learn more about the conditions for publicly selling restricted securities, please read our overview, Rule 144: Selling Restricted and Controlled Securities. You can also read our publication on rules and forms 144. If you sell restricted securities, you may need to file with the SEC and other institutions.