Atty Can’t Shake SEC’s Suit Over Breaking EB-5 Rules

Law360, Los Angeles (July 26, 2016, 8:48 PM ET) — A California federal judge on Tuesday rejected a New York immigration attorney’s bid to escape the U.S. Securities and Exchange Commission’s lawsuit accusing him of earning more than $1.1 million as an unregistered broker-dealer by having his clients invest in EB-5 projects to obtain U.S. visas.

Queens, New York, attorney Hui Feng and his Law Offices of Feng & Associates APC asked U.S. District Judge Consuelo Marshall toss the SEC’s claims that he committed fraud and violated the Exchange Act by taking commissions on EB-5 investments…

Source: Law360

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