On July 21st, the U.S. House of Representatives passed the Equal Opportunity for All Investors Act (H.R. 3339), a bipartisan bill that could significantly reshape access to private investment opportunities. If enacted, the bill would direct the Securities and
Investment Advisers registered with the U.S. Securities and Exchange Commission that are based on the mainland and render advice to Puerto Rico residents must determine whether they are required to submit a “Notice Filing” with the Office of
Investment advisers representatives operating in global markets may find themselves or their clients unexpectedly subject to an INTERPOL Red Notice. These notices, often misunderstood as international arrest warrants, can have significant consequences, including travel restrictions, reputational damage, and banking difficulties.
The Trump administration’s return to power in 2025 has initiated significant shifts within the U.S. Securities and Exchange Commission (SEC), directly influencing investment advisers registered with the agency. A notable change is the appointment of Paul Atkins as the new
U.S. President Donald Trump has proposed a new “Gold Card” visa initiative. This new program would offer a pathway to U.S. citizenship for foreign nationals willing to invest $5 million, and would effectively replace the EB-5 program established
On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule to protect the U.S. financial system from illicit activity in the investment adviser sector. This rule targets criminals, foreign adversaries, and others attempting to
On June 27, 2024, Northern Rockies Regional Center, LLC received a “Notice of Intent to Terminate” from the United States Citizen and Immigration Services (USCIS) due to the non-payment of its 2024 EB-5 Integrity Fund fee by December 30, 2023.
The EB-5 Immigrant Investor Program offers foreign nationals a pathway to U.S. residency through investment. Through the program, there are two investment options: direct investment and regional center investment. Both pathways aim to stimulate the U.S. economy through job creation,
At times, people ask me whether there is one state in particular that is optimal for investment adviser registration purposes. I am quick to point out that the requirement to register an investment adviser in a certain state depends on
Over the past few years, I have been asked a handful of times whether a registered investment adviser may outsource the role of the Chief Compliance Officer. While there are compliance firms that offer such a service, I personally discourage
