For an offering to be exempt under Regulation D of the Securities Act of 1933, Rule 506 requires that Securities Law & Liabilities of CPA's For an offering to be exempt under Regulation D of the Securities Act of 1933, Rule 506 requires that The offering be made without general advertising if any sales are made to purchasers who are not accredited investors. Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+