A discussion of the SEC’s administrative enforcement action against Ireeco, LLC and Ireeco, Ltd.

Order Instituting Proceedings On June 23, 2015 the SEC initiated the first action “against brokers handling investments in the government’s EB-5 Immigrant Investor Program.” According to the Order Instituting Proceedings (“OIP”), Stephen Parnell and Andrew Bartlett formed Ireeco, LLC in 2006 in Boca Raton, Florida. Similarly, they formed Ireeco, Ltd. in 2012 in Hong Kong… Read More

USCIS Publishes Talking Points from November 7, 2017 EB-5 Stakeholder Engagement

USCIS held an EB-5 stakeholder engagement call on November 7, 2017 and has published its talking points from the call on its website. Highlights from the call include discussions of the Regional Center Compliance Review Program, customer service, and how to avoid being a fraud victim. Additional topics included the use of “hybrid teams” to adjudicate… Read More