June 30, 2017
A California federal court ruled Thursday that EB-5 investments are securities subject to broker-dealer rules, ordering a New York immigration attorney and his firm to pay $2.7 million for operating as unregistered broker-dealers and defrauding Chinese nationals looking to obtain visas.
May 09, 2017
The U.S. Securities and Exchange Commission and a New York immigration attorney accused of violating broker-dealer rules each urged a California federal judge on Tuesday to decide whether EB-5 investments are securities subject to broker-dealer rules and resolve their respective bids for quick wins in the agency's suit.
February 01, 2017
A New York immigration attorney asked a California federal court for a quick win on Tuesday in the U.S. Securities and Exchange Commission's case alleging he operated as an unregistered broker-dealer and defrauded EB-5 investors, saying the activity is out of the commission’s purview.
August 05, 2016
A California federal judge on Thursday detailed the reasoning behind her rejection of a New York immigration attorney’s attempt to dodge the U.S. Securities and Exchange Commission’s allegations that he earned more than $1 million as an unregistered broker-dealer through clients investing in EB-5 projects to obtain visas.
July 26, 2016
A California federal judge on Tuesday rejected a New York immigration attorney's bid to escape the U.S. Securities and Exchange Commission's lawsuit accusing him of earning more than $1.1 million as an unregistered broker-dealer by having his clients invest in EB-5 projects to obtain U.S. visas.
December 07, 2015
The U.S. Securities and Exchange Commission sanctioned six attorneys and sued a seventh Monday, saying they acted as unregistered broker-dealers when they helped to effect EB-5 investments by clients seeking U.S. visas.