Earlier this month, the Securities and Exchange Commission brought its second enforcement action freezing the assets of a regional center accused of defrauding EB-5 investors. The SEC also cooperated with USCIS to release a joint investor alert. Sheppard Mullin partner John Tishler published a Q&A article (click here) with his thoughts on the joint alert and the enforcement action. The article includes observations on due diligence best practices and suggestions for regional centers and sponsors to improve the credibility of their offerings.
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