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How do I establish relationships with brokers?

My company has recently been designated as a Regional Center by USCIS and is seeking to establish relationships with brokers and/or attorneys, as appropriate, in order to facilitate introductions with potential investors. How would you suggest we go about building relationships with reputable brokers who might be able to assist us? What should we look out for when choosing a broker?

Answers

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    Review the success of both the attorney and the broker. Finding an attorney with a strong EB-5 history is essential.

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    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    You need to conduct an elaborate but focused due diligence. In choosing broker(s) pay particular attention to the following issues: 1) whether the broker(s) is a licensed/registered broker-dealer or not. This is required by federal securities law or/and state securities law commonly called blue sky laws. Ask any broker if this is the case. 2) investigate and ask if the broker had ever been disciplined, reprimanded, faced any administrative hearing by any regulatory agency as a result of clients complaints for such thing as securities arbitration of any kind. 3) conduct a background check if you are not satisfied with information you had received 4) ask about the type of investors the brokers can bring you. These are just some of issues you need to look into prior to the appointment of any broker. Also, don't count on brokers only to do all the work, be prepared to meet and discuss directly with the investors themselves. This is because you want to know if those investors and your RC mesh both on investment goals and can do business together within the context of EB-5 investment rules and regulations.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    Honesty, track record. Do your due diligence with lawyers and investors to find the good agencies. Make sure you know what they are charging the investors and what they are promising the investors. Have their documents translated so you know the fine print.

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    Philip H Teplen

    Immigration Attorney
    Answered on

    The most important thing is to remember to abide by the SEC rules and affiliate with an appropriate independent fund manager. I will be happy to assist if you like.

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    Looking at a concrete history of I-526 filings and approvals would be a good start. Face-to-face meetings are also very helpful, and any background research and due diligence you can perform on the legitimacy of the business or law firm will benefit you further.

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    Ed Beshara

    Immigration Attorney
    Answered on

    The brokers need to be credible and have a history of success. Some brokers can source a large number of investors at one time, while others can only source a couple of investors at a time. The first step is to retain an experienced EB-5 attorney such as our law firm, who has the connections with the credible brokers and can assist you with their marketing of your project to the investors.

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