Executive Summary - USCIS EB-5 Engagement with the Securities and Exchange Commission (SEC)

Download: es.pdf


On April 3, 2013, U.S. Citizenship and Immigration Services (USCIS) hosted a stakeholder teleconference featuring staff from the Securities and Exchange Commission (SEC) to discuss the EB-5 Immigrant Investor program. During the engagement, subject matter experts from the SEC’s divisions of Corporation Finance, Trading and Markets, Investment Management, and Enforcement discussed securities law compliance in the context of EB-5 regional centers and investments. The SEC provided an overview of registration requirements under the various federal securities laws. These include, but are not limited to: an obligation under certain circumstances to register the securities for offer or sale under the Securities Act of 1933 (Securities Act); the broker registration of persons effecting transactions in securities under the Securities Exchange Act of 1934 (Securities Exchange Act); the registration of persons or entities offering investment advice under the Investment Advisers Act of 1940 (Investment Advisers Act); or the registration of persons or entities that offer investment products to the public under the Investment Company Act of 1940 (Investment Company Act). Throughout the engagement, the SEC also indicated that it largely focuses on the anti-fraud provisions within the law. General information provided during the call is outlined below as well as useful resources for additional guidance. 

More articles on Securities Alerts and Issues can be found in our Securities Alerts: SEC & FINRA Section

Product Files (DOWNLOAD)
Executive Summary- USCIS EB-5 Engagement with the Securities and Exchange Commission (SEC)

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.