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.


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.

Marko Issever
January 27, 2019 08:10 PM  Marko Issever

Foreign migration agents with no ties to the US do not require broker dealer licence as they promote to foreign buyers in foreign soil. However, if the promoter that is the marketer is a US person or US company even if their promotion activities are being conducted overseas they would need to be licenced.


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. 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.