On Thursday, July 27, regulators and industry professionals gathered in Washington, D.C. to discuss the current regulatory environment, cybersecurity, and other hot topics at the SEC and FINRA’s 2017 National Compliance Outreach Program for Broker-Dealers. The panelists, including SEC Commissioner Michael Piwowar, FINRA President and CEO Robert Cook, and Susan Axelrod, the Executive Vice President of… Continue Reading
USCIS recently announced the release of a new edition of Form I-526, with the new edition dated 04/10/2017. Starting on June 9, 2017, USCIS will only accept the 04/10/2017 edition. Until then, investors can use the 12/23/2016 edition. Both editions of Form I-526 are available to download at no cost on the USCIS website. Investors… Continue Reading
The Department of Homeland Security (DHS) has issued a notice of proposed rulemaking to be published on January 13, 2017 to amend the regulations in relation to the employment-based, fifth preference (EB-5) immigrant investor classification and associated regional centers. The purpose of the proposed amendments is to modernize the EB-5 program. DHS will accept comments… Continue Reading
On Oct. 14, 2016, the U.S. Chamber of Commerce, the EB-5 Investment Coalition, and the Real Estate Roundtable hosted a briefing on the EB-5 Investment Program on Capitol Hill, with the objective of discussing and informing House and Senate staff members on the inner workings of the program and the potential impact the Dec. 9,… Continue Reading
International law firm Greenberg Traurig today announced that firm client City of Miami received approval for designation as an EB-5 Regional Center for Foreign Investment under the U.S. Citizenship and Immigration Services immigrant investment visa program. The City of Miami Regional Center will be one of the few government-owned and managed regional centers in the United States…. Continue Reading
Greenberg Traurig’s Business Immigration & Compliance practice announced today its role in the formation of The EB-5 Immigration Coalition together with Pathways EB-5, The National Association of Homebuilders and The Real Estate Round Table. The Coalition is a broad-based organization of businesses and trade associations with the shared mission to support and promote the continuation… Continue Reading
Prepared by: Arthur Don | Steven M. Felsenstein The Investment Regulation Update is a periodic publication providing key regulatory and compliance information relevant to broker-dealers, investment advisers, private funds, registered investment companies and their independent boards, commodity trading advisers, commodity pool operators, futures commission merchants, major swap participants, structured product sponsors and financial institutions.
In their China Newsletter, our colleagues in Shanghai, George Qi and Dawn Zhang, discuss China’s recent outbound investment initiatives.