A US broker-dealer perspective on the EB-5 Reform and Integrity Act of 2022
A US broker-dealer perspective on the EB-5 Reform and Integrity Act of 2022
The new act has many features that should protect investors by imposing onerous clauses for the Regional Centers (RC). Many of them were already complying with these requirements voluntarily. Now, it is the law. Therefore, not only RCs but investors and intermediaries such as migration agents, broker-dealers, and consultants must abide by them.
When established in 1990, the mission of the EB-5 program was to create much-needed American jobs. First, the program was strictly a direct investment program. A couple of years later, the RC-augmented program provided considerable flexibility for potential EB-5 investors. Many large-scale project owners were able to employ thousands of Americans as its global popularity and recognition increased.
https://www.eb5investors.com/magazine/article/eb5-broker-dealer-perspective-ria
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