UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Allen Chi

Filing Date:August 21, 2017

Case:SEC vs Allen Chi

Jurisdiction:Securities & Exchange Commission

Status:Resolved

Civil / Criminal:Civil

Cause(s) of Action:

Securities Violations

Description:

The Securities and Exchange Commission (“Commission”) deems it appropriate that ceaseand-desist proceedings be, and hereby are, instituted pursuant to Section 21C of the Securities Exchange Act of 1934 (“Exchange Act”), against Allen Chi (“Respondent” or “Chi”).

The SEC alleges that Respondent facilitated the purchase of limited liability company membership interests for individuals seeking to enroll in the EB-5 Immigrant Investor Program even though he was not registered as a broker-dealer or associated with a broker-dealer. Respondent has agreed to pay disgorgement of $2,401,693 and prejudgment interest of $245,788.88.

Files
Aug
21
2017

Cease and Desist Order

ORDER INSTITUTING CEASE-ANDDESIST PROCEEDINGS PURSUANT TO SECTION 21C OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND A CEASE-AND-DESIST ORDER

SEC_vs_Allen_Chi.pdf
Attorneys, Regional Centers and Firms
UNITED STATES SECURITIES AND EXCHANGE COMMISSIONAllen Chi

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