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Law360, New York (December 7, 2015, 4:38 PM ET) — The U.S. Securities and Exchange Commission sanctioned six attorneys and sued a seventh Monday, saying they acted as unregistered broker-dealers when they helped to effect EB-5 investments by clients seeking U.S. visas.

The regulator said the attorneys, from various firms across the country, represented individuals who sought to take part in the federal Immigrant Investor Program, which offers EB-5 visas to foreigners who invest at least $1 million, or even $500,000 under certain circumstances, in commercial projects that create or maintain at least 10 full-time jobs….

Source: Law360