IIUSA Blog

EB-5 Regional Center Industry News & Analysis

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16 Oct, 2013

SEC Civil Enforcement Action Against Intercontinental Regional Center Trust of Chicago Appears Headed to Settlement

October 16th, 2013|Categories: Government Affairs, Research / Analysis, Securities & Exchange Commission (SEC), Securities Law|

By Spencer Mc Grath-Agg, Esq. | The Law Office of Spencer McGrath-Agg On February 6, 2013, the Securities and Exchange Commission (“SEC”) filed a complaint in the United States District Court for the Northern District of Illinois against A Chicago [...]

7 Oct, 2013

SEC/USCIS Offer Guidance on EB-5 Due Diligence, Adding Growing Body on the Subject

October 7th, 2013|Categories: Dept of Homeland Security (DHS), Financial Services, Government Affairs, Immigration Law, Press Releases, Press Room, Research / Analysis, Securities & Exchange Commission (SEC), Securities Law, U.S. Citizenship & Immigration Services (USCIS)|

On Tuesday, October 1, the U.S. Securities and Exchange Commission’s (“SEC”) Office of Investor Education and Advocacy and U.S. Citizenship and Immigration Services (“USCIS”) jointly issued an “Investor Alert” warning individual investors about fraudulent investment scams that exploit the EB-5 Immigrant Investor Program.  This [...]

2 Oct, 2013

IIUSA Supports Inter-Agency Collaboration to Protect the Integrity of the EB-5 Program

October 2nd, 2013|Categories: Dept of Homeland Security (DHS), Government Affairs, Immigration Law, Press Room, Research / Analysis, Securities & Exchange Commission (SEC), Securities Law, Statements, U.S. Citizenship & Immigration Services (USCIS)|Tags: |

CHICAGO, October 1, 2013 - The Association to Invest In the USA (IIUSA), the trade association representing more than 100 EB-5 Regional Centers, supports the recent action of the U.S. Securities and Exchange Commission (SEC) to stop a Regional Center in Texas from allegedly defrauding EB-5 investors.  [...]

23 Sep, 2013

FINRA Issues Guidance on Suitability Rule for EB-5 Securities Transactions

September 23rd, 2013|Categories: Financial Industry Regulatory Authority (FINRA), Government Affairs, Research / Analysis, Securities Law|Tags: |

By Jackie G. Prester, Shareholder, & Robert C. Divine (IIUSA Vice President), Head of Global Immigration Practice Baker Donelson, Bearman, Caldwell & Berkowitz, P.C. FINRA has clarified that its Suitability Rule applies to broker dealers' assessment of EB-5 transactions, but that the [...]

21 Aug, 2013

JOBS Act Rules, Now Published, Will Take Effect on 9/23/2013

August 21st, 2013|Categories: Government Affairs, Research / Analysis, Securities & Exchange Commission (SEC), Securities Law|

The U.S. Securities and Exchange Commission has issued regulations implementing a portion of the Jumpstart Our Business Startups Act (JOBS Act) allowing an issuer enjoying exemption from registration under Rule 506 of Regulation D to engage in general solicitation and [...]

20 Aug, 2013

Update on Chicago Convention Center Case: Decision by Court on Jurisdiction

August 20th, 2013|Categories: Government Affairs, Research / Analysis, Securities & Exchange Commission (SEC), Securities Law|

Recent activity in the Securities & Exchange Commission (SEC) enforcement action against the Intercontinental Regional Center Trust of Chicago and its affiliated companies may have broad implications for the EB-5 Program.  In a 22 page opinion, the Honorable Judge Amy St. [...]

13 Aug, 2013

IIUSA Speaks/Exhibits at 2013 CDFA National Development Finance Summit in Wash, DC

August 13th, 2013|Categories: Conferences, Council of Development Finance Agencies (CDFA), Economic Impact, Events, Financial Services, Immigration Law, Partners, Research / Analysis, Securities Law, Webinars|

IIUSA Executive Director, Peter Joseph, spoke at the CDFA National Development Finance Summit in Washington, DC last week, along with IIUSA members Tom Rosenfeld - IIUSA Director, Mariza McKee, Attorney, Kutak Rock, and Steve Strnisha - CEO of Cleveland International Fund [...]

16 Jul, 2013

SEC Implements JOBS Act to Allow General Solicitation in Regulation D Offerings

July 16th, 2013|Categories: Government Affairs, Research / Analysis, Securities & Exchange Commission (SEC), Securities Law|

By Jackie Prester and Robert Divine (IIUSA Vice President) of Baker, Donelson, Bearman, Caldwell, & Berkowitz, P.C. © The U.S. Securities and Exchange Commission has issued regulations implementing the portion of the Jumpstart Our Business Startups Act (JOBS Act), enacted more [...]

18 Jun, 2013

FINRA District Compliance Meeting (New York, District 10) to Cover EB-5

June 18th, 2013|Categories: Financial Industry Regulatory Authority (FINRA), Government Affairs, Research / Analysis, Securities Law|

On June 26, 2013 8:15am - 10:15am, the Financial INdustry Regulatory Authority (FINRA) will be holding its District Compliance Meeting, designed for compliance and legal professionals that are members of FINRA.  This particular meeting will include discussion on the EB-5 Program as [...]

22 Apr, 2013

IIUSA Supports Court Order to Begin Returning Funds to Investors in SEC Enforcement Action Against Non-Member Regional Center

April 22nd, 2013|Categories: Government Affairs, Research / Analysis, Securities & Exchange Commission (SEC), Securities Law|

On Friday April 19, in the U.S. Securities and Exchange Commission's (SEC) enforcement action against the Intercontinental Regional Center Trust of Chicago (a non-IIUSA member Regional Ceter), et. al., the Honorable Judge Amy St. Eve issued an order modifying the [...]