Banking and Finance

Recent Posts

EB-5 Program Becomes Examination Priority For Both the SEC and FINRA
Posted on 1 Feb 2016 by Omar Hakim

Private Placements: Focusing Closely on EB-5 Program It is well-known in the EB-5 community that the Securities Exchange Commission (the “SEC”) is scrutinizing the EB-5 program closer than ever. The SEC and the Financial Industry Regulation... Read More

Hard-Hitting Negative ICE Memo Slams EB-5 Leaked, Recommends Draconian Changes to EB-5 Program
Posted on 2 Jan 2014 by Mona Shah

As the EB-5 program continues to flourish and develop, with around 4 billion dollars being invested into US projects, changing the very infrastructure of certain areas (for example Brooklyn, New York) as well as creating much needed jobs, yet again the... Read More

China Real Estate Market Cool-Down and Shadow Banks Crisis–What Does It Mean to EB-5 Investors?
Posted on 7 Apr 2014 by Yi Song

The sale and refinancing of real property are common sources of EB-5 investment monies for Chinese investors. However, recent changes in the Chinese banking sectors may make it harder to obtain a home equity loan in China. Since late last year, there... Read More

SEC Guidelines on EB-5 Offerings
Posted on 29 Sep 2014 by Yi Song

The Securities and Exchange Commission (SEC) issued an Investor Bulletin about investing in unregistered securities offerings , or private placements, under Regulation D of the Securities Act of 1933. EB-5 Investment is a Private Placement Under... Read More

USCIS EB-5 Statistics Shows High Approval Rate
Posted on 3 Dec 2014 by Mona Shah & Yi Song

USCIS has released the fourth (4 th ) quarter statistics recently for Fiscal Year 2014 for I-526 and I-829 Immigrant Petitions by Alien Entrepreneurs. For I-526, in 2013, a total of 6,346 petitions were received and entered into the case tracking system... Read More

A Chicago Convention Center Settles with the SEC on EB-5 Fraud Case
Posted on 20 Mar 2014 by Yi Song

The Security and Exchange Commission issued a litigation release today announcing the settlement for the biggest fraud in EB-5 history. On March 17, 2014, the United States District Court for the Northern District of Illinois Eastern Division issued the... Read More

The SEC Brings Another Case Centered on the EB-5 Immigration Program
Posted on 4 Sep 2014 by Thomas O. Gorman

The government’s EB-5 program is supposed to be a win win for everyone. For immigrants seeking admission to the United States it is supposed to provide a path to citizenship if the requirements, centered on the investment of $500,000 or more in... Read More

Was EB-5 Retrogression Averted by Obama’s Executive Order?
Posted on 11 Dec 2014 by Mona Shah & Yi Song

There has been furor about Obama's executive order and of course much has been written, with countless opinions raised. The possibility of Chinese retrogression has been a huge topic in EB-5 since 2012 and with real force from August 2014, mainly... Read More

Letter to Congress Regarding the EB-5 Program: Is DHS Improperly Overreaching?
Posted on 13 May 2015 by Mona Shah

by Mona Shah and Lory Rosenberg The upcoming EB-5 Regional Center reauthorization process affords an opportunity to examine and adjust many facets of the EB-5 program, from its structure to aspects of the adjudication process. On April 27, 2015, Mr... Read More

New Opportunity for EB-5 – Canada Terminating the Immigrant Investor Program
Posted on 25 Feb 2014 by Yi Song

The Canadian Immigrant Investor Program closed its doors to 65,000 immigrant investors. 70% of the Canadian program applicants are from China. The termination of the Canadian Immigrant Investor Program has caused major panic among the Chinese investors... Read More

Outline of the Issues Raised from the December 5, 2014 USCIS EB-5 Stakeholder’s Meeting
Posted on 8 Dec 2014 by Mona Shah & Yi Song

On December 5, 2014 USCIS held their EB-5 Stakeholder’s Meeting in Washington, DC. This was the first stakeholder’s meeting after President Obama’s November 20 speech relating to his Executive Order. Interestingly, although the USCIS... Read More

USCIS Listen to Stakeholders’ Comments on Regulatory Change Proposals to the EB-5 Program
Posted on 24 Apr 2014 by Yi Song

USCIS held a teleconference on April 23, 2014 to hear comments from stakeholders relating to future regulatory changes for the EB-5 Immigrant Investor Program. During the 90 minute meeting, USCIS listened to comments regarding regulatory changes from... Read More

Mona Shah Takes Part in Roundtable With Chairman Goodlatte EB-5 Investors Conference in Los Angeles
Posted on 6 Aug 2015 by Omar Hakim

Mona Shah & Associates was a part of the EB-5 Investors conference in Los Angeles this Monday that was heavily attended and included several key players that will be play a large part in determining the future of the EB-5 industry. With the Regional... Read More

Canada Terminates Inefficient Investor and Entrepreneur Programs – An Opportunity for the EB-5 Program in the US?
Posted on 20 Feb 2014 by Yi Song

Canada’s Citizenship and Immigration Ministry recently announced the government’s intent to terminate the federal Immigrant Investor Program (IIP) and Federal Entrepreneur (EN) Program, which would eliminate a large and longstanding backlog... Read More

EB-5 Regional Centers: Electronic Filing of the Form D
Posted on 3 Jul 2014 by Yi Song

The EB-5 Regional Centers and EB-5 Projects raise capital pursuant to registration exemptions under Rule 506 Regulation D under the Securities Act of 1933. The issuers that offer to sale securities through private offerings are required to file Form D... Read More