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Jenner & Block Partners Larry P. Ellsworth and Elaine Wolff are sponsoring, and Elaine is acting as moderator of, a program titled “Impact of New SEC Rules on Private Offerings,” presented by the Small and Emerging Business Committee of the Corporations, Finance and Securities Section of the D.C. Bar and the New York City Bar, with panels in both D.C. and New York. This program will explore the opportunities and risks for corporations from the new Rule 506(c) and Bad Actor rules, which will have a substantial impact on how small issuers may attract more money through general solicitation. Jon Ingram and Karen Wiedeman from the SEC will review technical requirements that must be followed to advertise "private" offerings under new Rule 506(c), the new "Bad Actor" prohibitions for all 506 offerings, and procedures to qualify "Bad Actors." Columbia University Law Professor John Coffee will also comment on the Rules in relation to other new offering exemptions, and discuss how intermediary channels and costs may change. Further, attendees will have an opportunity to address concerns about new Form D filing requirements with key SEC staff before final rules are issued.
The program will be held from 12:45 to 2:45 p.m. on September 19, 2013, at the offices of Jenner & Block LLP, at 1099 New York Avenue, N.W., in Washington, D.C., and at the New York City Bar, 42 West 44th Street, New York, NY.
Larry is a partner in the firm's Litigation Department. He is a member of its Securities Litigation and Class Action Practices. He is a former assistant chief litigation Counsel for the U.S. Securities and Exchange Commission’s Trial Unit. He is also the former chair of the D.C. Bar’s Corporation, Finance and Securities Law Section and of the D.C. Bar’s Administrative Law Section and is currently chair of the D.C. Bar’s Committee on Broker-Dealer Regulation and SEC Enforcement.
Elaine is a member of the firm’s Corporate Department and formerly was a branch chief in the Corporate Finance Division of the Securities and Exchange Commission. She serves on the D.C. Bar’s Steering Committee for the Corporation, Finance and Securities Law Section.
Please click here for additional information and to register for the DC program and click here for the New York program.