Continue Reading SEC Disgorgement Lives to See Another Day After Supreme Court’s Liu v. SEC Ruling
FINRA Plans Major Changes to Expungement Rules
FINRA recently issued Notice to Members 17-42, which proposes sweeping changes to the process by which a securities broker may seek to expunge reference to a customer complaint from…
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SEC and FINRA Continue to Root Out Bad Brokers
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…
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Kate Kalmykov and Jennifer Hermansky to speak at Upcoming AILA EB-5 Conference in Washington, D.C.
Greenberg Traurig attorneys Kate Kalmykov and Jennifer Hermansky will be speaking at the 2016 AILA EB-5 Conference to be held Oct. 24-25, 2016, at the Renaissance Washington, D.C. Downtown Hotel…
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Regulatory Bodies with Oversight of an EB-5 Investment
Due to the complex intersection of real estate, corporate, securities and immigration law (among others), an investment in a company under the EB-5 Program can be a complicated affair. One…
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What is the Role of the SEC?
In the United States, there are very strict laws in place to protect investors. These laws are administered by a governmental agency known as the U.S. Securities and Exchange Commission (SEC). The mission of this agency is to regulate the U.S. markets, protect investors from fraud, ensure fair, systematic, and efficient markets, and facilitate capital development.
The EB-5 program is a unique path towards a green card that allows an individual to self-sponsor them and their family members for a green card by investing $500,000 in a U.S. business that will create ten or more jobs in the U.S. The advantages of the EB-5 are numerous:
- It doesn’t require an employer or family sponsor
- It allows investors to live anywhere in the United States (not necessarily by their EB-5 investment)
- It allows them to travel freely in and out of the U.S. as a permanent resident
- It allows them to have work authorization
- It allows their children to attend university as a resident once they obtain a green card
Not Every Broker-Dealer is an EB-5 Broker-Dealer
Nearly all U.S. broker-dealers are members of the Financial Industry Regulatory Authority (FINRA). FINRA regulates, and provides oversight and guidance for its member firms. When a broker-dealer becomes a FINRA…
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SEC and FINRA Name EB-5 as a Priority in 2016
Earlier this month, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) each published their 2016 exam priorities letters. Each agency publishes an exam priority…
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SEC Charges Attorneys Across the Country for Acting as Unlicensed Securities Brokers
Last week, the U.S. Securities and Exchange Commission (SEC) announced a series of enforcement actions against lawyers across the country, charging them with offering EB-5 investments and receiving compensation while…
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Are EB-5 Investments Considered Securities?
The EB-5 program provides foreign investors who demonstrate that their investments create a minimum level of required job creation in the United States with a potential avenue to lawful permanent…
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