Elliot Dater Presented PBI Crowdfunding WebinarOn May 5, 2016 by Schnader
On May 5th, Partner Elliot Dater presented a live webinar for the Pennsylvania Bar Institute entitled “Crowdfunding: A Dream Come True or a Nightmare for Issuers and Investors?” In 2012, Title III of the US JOBS Act, also known as the Crowdfund Act, became law. The Crowdfund Act was intended to make more capital available to start-up companies and to democratize investment in start-ups by allowing non-accredited investors to make investments in those companies. Many sections of the Crowdfund Act required rulemaking by the SEC in order to become effective. Now the SEC has finalized Regulation Crowdfunding, which will become effective in May 2016.
In this one-hour session, Mr. Dater discussed the regulatory framework that will exist now that we have both the Crowdfund Act and Regulation Crowdfunding. He also examined the selling of securities through crowdfunding, and what this will mean to issuers and investors.
Mr. Dater is co-chair of Schnader’s Emerging Companies Practice Group and partner in the firm’s Business Services Department. He represents Israeli companies doing business in the United States and U.S. companies and investors doing business in Israel, as well as emerging growth companies in the technology and medical device industries. His practice focuses on defense, technology and life sciences companies, investors in all stages of private equity financing, mergers and acquisitions, intellectual property, commercial law, government contracting, and general corporate counseling. Mr. Dater is an adjunct professor at the University of Pittsburgh School of Law where he co-teaches the course Law and Entrepreneurship.
For additional information, please contact Elliot Dater.