UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Allen Chi
Views: 3006
vs. |
Filing Date:August 21, 2017
Case:SEC vs Allen Chi
Jurisdiction:Securities & Exchange Commission
Status:Resolved
Civil / Criminal:Civil
Securities Violations
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.
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
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
