January 25, 2022

Volume XII, Number 25

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January 24, 2022

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Securities and Exchange Commission (SEC) Weighs in on Intercontinental Regional Center Trust of Chicago (IRCTC)

On Wednesday, February 6, the U.S. Securities and Exchange Comission (SEC) brought a civil action alleging a myriad of SEC violations against A Chicago Convention Center, LLC, Anshoo Sethi, and Intercontinental Trust Center of Chicago, LLC. This action was brought in part to protect current and potential investors from losses as a result of the alleged SEC violations.

As our Corporate & Securities colleague Steve Anapoell correctly noted, the SEC is taking the EB-5 Regional Center program very seriously and will be active in prosecuting those suspecting of violations. His blog post last April — Avoid Becoming the Next Regional Center or Project Company Being Sued – explains how to avoid becoming the next regional center to make headlines.

We will be posting a more indepth analysis shortly.

©2022 Greenberg Traurig, LLP. All rights reserved. National Law Review, Volume III, Number 43
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About this Author

Kate Kalmykov, Greenberg Traurig Law Firm, New York and New Jersey, Immigration Law Attorney
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Kate Kalmykov focuses her practice on business immigration and compliance. She represents clients in a wide-range of employment based immigrant and non-immigrant visa matters including students, trainees, professionals, managers and executives, artists and entertainers, treaty investors and traders, persons of extraordinary ability and immigrant investors.

Kate has extensive experience working on EB-5 immigrant investor matters. She regularly works with developers across a variety of industries, as well as private equity funds on developing new projects that qualify for EB-5...

973-443-3276
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