SEC

SEC announces fraud charges against Vermont EB-5 developer

On Thursday, April 13, the SEC announced fraud charges and an asset freeze against seven EB-5 offerings associated with the Jay Peak ski resort project in Vermont. The projects are alleged to have misused more than $200M of investor funds (out of a total $350M raised), and at least $50M is alleged to have been misappropriated for [...]

April 15th, 2016|Categories: EB-5|Tags: , , , |

Ronald Fieldstone discusses key insights from EB-5 Innovation Summit

Julian Montero, Jay Rosen, and I recently attended and lectured at the NES Financial EB-5 Innovation Summit, which was held in Los Angeles, San Francisco, New York and Miami. At the summit, we discussed market information and topics, including EB-5 reform legislation; SEC update; the evolution of EB-5 best practices; raising EB-5 capital; and the [...]

February 29th, 2016|Categories: EB-5|Tags: , , , , |

EB-5 program’s positive contributions continue to be overlooked

The EB-5 visa program, created in 1990, encourages foreign investment that stimulates U.S. job growth, while providing an opportunity for foreign nationals to become lawful permanent residents. As of 2012, the EB-5 program has created over 42,000 jobs and brought in more than $3.39 Billion[i] for the United States economy. The government administration of the [...]

The IIUSA EB-5 Advocacy Conference is a success once again

IIUSA hosted another highly successful EB-5 Advocacy Conference in Washington, D.C. on May 7-9. Based on the number of attendees and sponsors at the event, it is clear that the industry continues to grow rapidly. The conference began with committee meetings, including the sold out New Members Luncheon on Wednesday afternoon. Due to the growth [...]

Learn how to stay ahead of increasing EB-5 compliance requirements in 2014

The New Year is underway, and Regional Centers are looking for ways to better prepare themselves to effectively operate and compete in the constantly changing EB-5 environment. With that in mind, NES Financial is pleased to announce that we will be hosting a seminar series on 2014 Success Strategies for EB-5 Regional Centers during February! [...]

NES Financial to host 2014 Success Strategies for EB-5 Regional Centers seminar series

NES Financial to host 2014 Success Strategies for EB-5 Regional Centers seminar series San Jose, CA, January 7, 2014 – NES Financial will be hosting the 2014 Success Strategies for EB-5 Regional Centers, an advanced seminar series intended to provide Regional Centers with solutions that meet rising industry and compliance demands. With increased scrutiny by [...]

NES Financial to offer convenient investor verification services

The Securities and Exchange Commission recently passed the Jumpstart Our Business Startups Act (JOBS Act), removing the prohibition of general solicitation for securities offerings, provided that sales are limited to accredited investors. Under the Act, the issuer must take “reasonable steps” to verify that each investor is accredited.  While there is no specific definition as [...]

SEC Compliant Escrow Solution must be used when using Registered Broker-Dealers

As everyone in the EB-5 industry knows, the Securities and Exchange Commission (SEC) is continuing to scrutinize offerings of securities to investors under the EB-5 program. As a result, issuers are becoming more likely to work with FINRA registered broker-dealers. When registered broker-dealers are being used in the offering of EB-5 securities, they are bound [...]

Recent SEC and USCIS action reaffirms importance of proper EB-5 escrow structure for funds security

Earlier this month, the Securities and Exchange Commission (SEC) and United States Citizenship and Immigration Services (USCIS) issued a joint alert to caution investors about a fraudulent EB-5 investment scheme they were investigating. Allegedly, a Texas-based couple raised at least $5 million from investors who were falsely promised conditional visas to the United States. Unfortunately [...]

Be prepared for the new EB-5 legislation

With the recent passage of Senator Leahy’s Amendment 2 to S. 744 (the comprehensive immigration reform bill) by the Senate Judiciary Committee, many much anticipated enhancements to the EB-5 program could only be a few short months away. These enhancements would include making the Regional Center program permanent and increasing the number of available visas [...]