Attorneys Henry Handler and William Berger of the law firm of Weiss, Handler & Cornwell, P.A. in Boca Raton, Florida have filed a memorandum of law in support of the motion to intervene on behalf of EB-5 visa applicant and investors in the IRCTC Chicago Convention Center project. 

The North American Securities Administrators Association has released their list of the top 10 financial products and practices "that threaten to trap unwary investors." This list was complied by the association's securities regulators in their Enforcement Section. NASAA was organized in 1919 and is described as the oldest international organization devoted to investor protection.

1. San Francisco Bay Area, California Community Project

There will be a briefing call today from The California Governor’s Office of Business and Economic Development to discuss their policy on the EB-5 Program and recent changes made to the way they designate Targeted Employment Area's (TEAs).  Here is more information:

USAdvisors is co-hosting an EB-5 & Venture Capital event in New York City May 16-17 with noted international law firm Greenberg Traurig, Now Street Journal, LDJ Capital and the Soho Loft Capital group. 

Rapid USA Visas CEO Douglas Hulme and Jay Peak President Bill Stenger in happier times

If you're an attorney who counsels clients on the selection of an EB-5 visa investment, here's an article that's definitely worth a look. Well-known and respected Miami immigration attorney Roger Bernstein has published the article Tips on Selecting an EB-5 Regional Center, which illustrates the dramatic changes in the EB-5 visa program that we have all witnessed over the past few years. 

Last month I spoke at four conferences in four cities across the United States on topics related to the EB-5 Visa and issues concerning EB-5 project risk and the potential for failure in light of the difficulty to obtain credit from commercial lenders, the increased volatility and unpredictability in global financial markets and the claims being made by certain EB-5 Regional Centers, agents and promoters of these projects, both here in the U.S. and abroad. 

Michael Gibson of USAdvisors.org receiving Brian Su's EB-5 Media Award during a previous seminar

Wondering what's new in China's immigration agent/broker market? Here's a story that may not bode well for one agency.