New Form I-829 Petition
The USCIS uploaded a new Form I-829 Petition to their website. The newly uploaded petition is the 05/07/15 edition. USCIS will accept editions dated 3/11/13 or earlier only until 8/14/15.
Note: Starting on 8/15/15, the USCIS will only accept the newly released 05/07/15 edition of the Form I-829 Petition.
EB-5 Investment Coalition (EB-5IC) Report
The EB-5 Investment Coalition (EB5-IC), a bipartisan, broad-based, coalition mobilized around the shared mission of putting Americans to work by reauthorizing and strengthening the EB-5 Regional Center Program released a report showing the EB-5 Program to be 500% more efficient at job creation than the 2009 ‘Stimulus’ Bill. You can view the press release and access the full report here these details.
SEC Charges Two Unlicensed Broker-Dealers
The U.S. Securities and Exchange Commission (SEC) charged two companies with unregistered broker activity related to the EB-5 program. The SEC charges allege the companies brokered over $79 million in EB-5 investments by acting as unregistered brokers through their website. The website solicited EB-5 investors by promising to help them select an EB-5 regional center. It is alleged that these two companies directed their investors to a select number of regional centers which paid them a commission per investor once the USCIS approved the investor’s EB-5 petition.
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