UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Allen Chi
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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
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