Live Chat with a CLE Manager
Continuing Legal Education courses for Attorneys
Online CLE courses, cle courses, cle state bar courses

New Rule 506 and Equity Crowdsourcing: New Opportunities with a Cost

Total Credits
1 - 1.5
  • Instant Online Access
  • All Your Devices
  • DVD & CDs
  • iOS & Android App
  • Save To Device


With the passage of the Jumpstart Our Business Startups Act (“JOBS Act”), securities issuers of all sizes are bound by new rules and regulations which also create new opportunities for fundraising within an evolving compliance regime. The new rules started to take effect in July 2013, when the Securities and Exchange Commission adopted a private offering exemption under which issuers and their agents are permitted to use general advertising and general solicitation to find investors. These new exemptions became effective September 23, 2013, with additional proposed rules related to the lift of the general solicitation ban and equity crowdfunding still being finalized in 2014. In this engaging presentation, E. David Smith and Matthew Kittay simplify the complexities and point out the features of the new capital raising road map.

Topics covered include:

  • Recap of Reg D (before the JOBS Act)
  • New 506(c), permitting General Solicitation
  • New Reg D Filing Requirements
  • New Bad Actor Provisions and Drafting Points
  • Proposed Increased Penalties for Form D Non-Compliance
  • Discussion of the new interpretations of "General Solicitation"
  • Discussion of the proposed redefinition of "Accredited Investor"
  • Introduction to the proposed Crowdfunding Rules

Lecturer Bios

E. David Smith, Esq.

E. David Smith, Esq., is principal of Smith & Associates, and serves as outside general counsel for US and foreign companies and family offices. Guiding his clients in the creation and growth of their wealth, he positions business entities for growth opportunities and for mitigating risk, including asset preservation. Combining his experience in corporate transactions, capital raising and financing, corporate governance, corporate litigation and intellectual property, he provides strategic guidance, identifies and addresses core issues, and quarterbacks companies’ and family offices’ legal needs. He is a graduate of the University of California, Berkeley, and the Tulane University School of Law, and is admitted to practice in New York, New Jersey and Georgia, in addition to numerous federal trial and appellate courts, including the Supreme Court of the United States. The team at Smith & Associates includes seasoned practitioners in tax, mergers and acquisitions, contracts, investment agreements, employment, litigation, commercial real estate and intellectual property.

You can learn more about E. David Smith or contact him here:

Matthew R. Kittay, Esq

Matthew handles a variety of corporate matters including domestic and international venture capital, private equity, mergers and acquisitions, venture investments, financings and dispositions, corporate restructurings, new business formation, startup advisory and joint-venture transactions.

Prior to attending law school, Matthew published studies on Chinese/WTO trade regulation with Harvard Business School, and also worked for a consulting firm in Shanghai, China.

You can learn more about Matthew R. Kittay or contact him here:

States where Offers CLE Courses On DVDs, Audio CDs, Online & iOS/Android App (Continuing Legal Education):
Alaska CLE | Alabama CLE | Arkansas CLE | Arizona CLE | California MCLE | Colorado CLE | Connecticut CLE | Washington DC CLE | Delaware CLE | Florida CLE | Georgia CLE | Hawaii CLE | Iowa CLE | Idaho CLE | Illinois MCLE | Indiana CLE | Kentucky CLE | Louisiana CLE | Massachusetts CLE | Maryland CLE | Michigan CLE | Missouri CLE | Mississippi CLE | Montana CLE | North Dakota CLE | Nebraska CLE | New Hampshire CLE | New Jersey CLE | New Mexico CLE | Nevada CLE | New York CLE | Ohio CLE | Oklahoma CLE | Oregon CLE | Pennsylvania CLE | Rhode Island CLE | South Dakota CLE | Tennessee CLE | Texas CLE | Utah CLE | Virginia CLE | Virgin Islands CLE | Washington CLE | Wisconsin CLE | West Virginia CLE | Wyoming CLE | Online CLE Courses | Virginia Interactive Webinars | Pennsylvania Live Webinars | Live Webinar CLE Calendar | NY BTG CLE | Teach at the Academy | F.A.Q. | Hardship Policy | Terms And Conditions | Contact Us | iOS/Android App | Account Login | Unlimited CLE | Sitemap | Mobile Site
Copyright © 2000 - 2022 National Academy of Continuing Legal Education. All Rights Reserved.