Immigration
Feb. 3, 2017
SEC, immigration lawyer file dueling summary judgment motions
Attorneys agreed that whether the EB-5 visa investments count as securities will depend on whether applicants expect and receive a profit.
Daily Journal Staff Writer
The Securities and Exchange Commission and a lawyer accused of fraud in connection with the EB-5 Immigrant Investor program have filed dueling summary judgment motions in a test enforcement case that, if successful, would subject attorneys to registration requirements normally reserved for brokers negotiating investments for clients.
Defendant Hui Feng was the first immigration lawyer sued...
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