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Viji Durga

If all the promotion and sales of an investment is done overseas, is US brokers license required? - 3rd April,2013.

EB-5 Engagement with the Securities and Exchange Commission - 3rd April,2013.

Answers

Russell C. Weigel, III
April 10, 2016 04:19 AM  Russell C. Weigel, III

The answer depends on the circumstances of the person acting as a broker or finder. If the broker is offshore for all aspects of the U.S.-based offering, the SEC will not require broker registration for that individual. But if the individual is U.S.-based and receives transaction-based compensation on the sale offshore of the investment, such as a commission on the sale of the investment, registration may well be required.

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