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Securities Law Subsection of the Colorado Bar Association

The Securities Law Subsection of the Colorado Bar Association sponsors luncheons that provide the opportunity for securities attorneys engaged in private practice and securities regulators to meet on a monthly basis to discuss current topics and to become acquainted socially. Approximately 100 attorneys and regulators attend these meetings at which a speaker makes a presentation on a securities law topic, and the topic is then discussed by the audience. One CLE credit is earned for attending each meeting. Anyone who is interested in joining the Subsection and attending the luncheon meetings should contact the Bar Association (303-860-1115) and request that his or her name and address be added to the Subsection's mailing list.

The Co-Chairs of the Subsection serve a two-year term, and always consists of either a practicing securities law attorney or one securities law regulator. The Co-Chairs are responsible for organizing the monthly luncheon meetings and finding speakers. If anyone is interested in making a presentation, he or she should email Elizabeth Karpinski Vonne ( or Jordan Factor (

In addition to sponsoring the monthly luncheon meetings, members of the Subsection actively participate in the initiation and review of legislation involving securities law matters.

2013-2014 CBA Securities Subsection


Elizabeth Karpinski Vonne and Jordan Factor

CBA Staff Liaison: Jill Lafrenz


2013 – 2014 CBA Securities Subsection Schedule


Tuesday, August 20 at 5:00pm:  Happy hour at Coohills


Wednesday, September 4 at noon:  Lunch at Brown Palace Hotel

SEC Enforcement Cases and Trends from a Trial Perspective

The SEC plays a key role in regulating the financial markets and protecting investors. Dugan Bliss and Nic Heinke – both Trial Attorneys in the SEC’s Denver Regional Office – will discuss the SEC’s enforcement program, including recent trends in the types of enforcement actions the SEC is pursuing, with a focus on trial work. They will also discuss programmatic initiatives to encourage cooperation with the SEC, including the SEC’s new whistleblower authority.


Monday, November 11 at noon:  Lunch at Brown Palace Hotel

General Solicitation in Action and Novel Ways to Raise Capital Under the JOBS Act

This panel will address two aspects of the JOBS Act: General solicitation in action and innovative crowdfunding potentials.

Title II of the JOBS Act allows companies to generally offer their securities to the public—including through advertising—while still maintaining the benefits of a non-public offering, so long as the securities sales are made solely to accredited investors.  Jim Carroll, a partner at Faegre Baker Daniels who practices in this area, will report on how Title II is working so far.  Jim will address questions such as:

·        How are issuers taking advantage of general solicitation? 

·        How should issuers plan ahead to use general solicitation? 

·        What lessons have been learned so far?

Title III of the JOBS Act authorizes the “crowdfunding” of securities, defined as the online sale of small amounts of unregistered securities to all adults, accredited or not.  Andrew Schwartz, an Associate Professor of Law at the University of Colorado Law School who recently published on the subject, will address how Title III may play out once the SEC issues final rules, and how issuers can use crowdfunding in ways that they may not realize, including issue debt.


James H. Carroll, Partner, Faegre Baker Daniels

Andrew A. Schwartz, Associate Professor of Law, University of Colorado School of Law


Tuesday, January 14 at noon: Lunch at Davis Graham & Stubbs LLP

2014 Proxy Season and Executive Compensation Update

This update will summarize the key elements of the new rules, guidelines and trends that companies will encounter in 2014. Michelle Shepston and Jonathan Marks of Davis Graham & Stubbs LLP will explain these developments and provide insights learned from the previous season. The presentation will also include a discussion of emerging trends in executive compensation and how companies are responding to them.

If you have any specific questions on executive compensation, equity compensation plans or proxy preparation that you would like the presenters to address, please email the questions in advance to  There will also be a Q&A session after the presentation.


Tuesday, February 14 at 7:30a.m.:  Breakfast at Four Seasons Hotel

2014 Enforcement Update


Tuesday, April 22 at noon:  Lunch at the Hotel Monaco (Panzano’s)

The Intersection of Securities and Bankruptcy Law

Presenter: James S. Helfrich of Allen & Vellone, P.C.


We look forward to seeing you.

Elizabeth Karpinski Vonne      Jordan Factor
Davis Graham & Stubbs LLP      Allen & Vellone P.C.