February proved to be a relatively quiet month in the world of EB-5.
On February 13th, Bloomberg published an article titled cytotec generic sale. The article, citing people familiar with the matter, states that the SEC is preparing sanctions against as many as two-dozen immigration attorneys.
“The most recent SEC foray into the program involves immigration lawyers who helped find investors for the regional centers. If they are paid a fee for doing so, they may be running afoul of securities laws, which require anyone accepting a fee for facilitating a private securities transaction to be registered as a broker.”
Ultimately, the EB-5 attorneys may face financial penalties as well as a ban or suspension from working in the securities industry.
EB-5 Interactive Series: Requests for Evidence on Lawful Source of Funds for Investment
On February 26th, the USCIS held an EB-5 stakeholder teleconference focused on how to best respond to requests for evidence in relation to documenting the lawful source of funds. If you missed it, Suzanne Lazicki posted a recording on the call on her cytotec buy online. Also, the to buy cytotec posted an analysis of the call worth checking out.
EB-5 Processing Times
On February 27th, the USCIS posted the average processing times for the Immigrant Investor Program (IPO) as of December 31, 2014.
- I-526, Immigrant Petition by Alien Entrepreneur, currently has an average processing time of 14 months.
- I-829, Petition by Entrepreneur to Remove Conditions, currently has an average processing time of 11.4 months.
- I-924, Application for Regional Center Under the Immigrant Investor Pilot Program, currently has an average processing time of 11.1 months.
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