LexisNexis® Legal Newsroom
Conducting General Solicitation under the New SEC Rules in EB-5 Practice

Ever since the Securities and Exchange Commission (SEC) lifted the ban this July on general solicitation pursuant to the Jumpstart Our Business Startups Act (JOBS Act), it was expected that the threshold for disclosure would be raised. What does this mean to EB-5 projects and EB-5 regional centers? ...

SEC Enforcement Actions against Small Violations in Broker/Dealer Relationships

The Securities and Exchange Commission (SEC) expressed deep concerns in small violations in the broker/dealer relationships, which is prevalent in the EB-5 industry. The SEC Chair Mary Jo White stated in a speech at a conference last week about SEC enforcement issues: "Minor violations that are...

Mona Shah Takes Part in Roundtable With Chairman Goodlatte EB-5 Investors Conference in Los Angeles

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 Center program up for renewal on September 30 th...

USCIS EB-5 Stakeholder Meeting August 13, 2015: Issue Outline

On August 13, 2015, USCIS held one of its frequently scheduled EB-5 Immigrant Investor Program Stakeholder Engagements, but this time from Los Angeles, California. The changed location is part and parcel of the agency’s efforts to assertively engage in states that have directly benefited from the...

The September Foreign Exchange Notice Increases Difficulties for Chinese EB-5 Investors

by Mona Shah and Hui Zeng China employs firm currency regulations that are designed to prevent large amounts of currency moving out of the country. Each Chinese citizen can only exchange an equivalent amount of USD 50,000 within one calendar year,[ 1 ] while Chinese companies can exchange yuan for...

EB-5 Funding & Transportation Projects – A Perfect Fit for Jobs, Accessibility and the Environment

Congress created the EB-5 Program in 1990 to benefit the U.S. economy by attracting investments from qualified foreign investors. Under the Program, each investor must prove that at least ten new jobs were created or saved as a result of the EB-5 investment. More than 25 countries, including Australia...

An Insider’s View of the EB-5 Program Extension to September 30, 2016

by Mona Shah & Omar Hakim The Battle to Reform EB-5: After months of vigorous debates, endless negotiations, constant redrafting, and a frenzy of last minute investor filings, it was much ado about nothing! Congress, never known for efficiency, decided to bow into pressure from many within...

EB-5 Program Becomes Examination Priority For Both the SEC and FINRA

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 Authority (“FINRA”) each formalized...