Recovery of your EB-5 investment money from a failed new commercial enterprise or job creating entity is likely to be challenging. However, there are steps you can take to maximize the possibility of recovering some or all of your investment funds....
About Russell C Weigel, III
Russell C. Weigel, III has more than 25 years of experience in the securities law field. In 2005, he established the Miami-based law firm, Russell C. Weigel, III, P.A., and serves as the firm’s president. As a securities transactional and litigation attorney, he advises both private and public company clients on matters related to capital raise transactions, the preparation of registration statement filings and SEC reports, and helping companies go public. Within an EB-5 investment and business immigration context, Attorney Weigel provides securities and immigration compliance services to investors, new commercial enterprises, and regional centers.
The litigation practice at Russell C. Weigel, III, P.A., is focused on defending financial professionals and corporate executives involved in investor/shareholder corporate and securities litigation claims, securities arbitrations, and state securities enforcement and SEC matters. Within the EB-5 field, Attorney Weigel’s securities litigation services are applicable to EB-5 investors who find their investments and visa status at risk due to the misconduct of others. His services are also applicable to EB-5 market participants such as immigration attorneys, regional centers, and NCEs that are involved in SEC investigations and litigation, and investor litigation.
Before establishing his own firm, Attorney Weigel worked for five years as a private-practice securities litigation and transactional attorney for two law firms, successively. In this capacity, he advised on corporate and securities regulatory compliance matters, public company mergers, and defense of SEC and NYSE investigations, and he defended and prosecuted civil litigation and securities arbitration matters. Prior to this, from 1990 to 2001, he worked as an enforcement attorney at the SEC, with some his various roles including special counsel and branch chief.
At the SEC, in addition to supervising investigations, Attorney Weigel’s responsibilities included litigating administrative and civil injunctive proceedings on the SEC’s behalf, most of which involved sales of unregistered non-exempt securities, allegations of fraud, or regulatory compliance violations by broker dealers, stock promoters, investment advisers, and others. Prior to his work at the SEC, Attorney Weigel served as an assistant attorney for the state of Florida from 1989 to 1990, in which capacity he tried bench and jury trials in criminal prosecutions.
Attorney Weigel earned his Bachelor’s Degree from Vanderbilt University, and his Juris Doctor from the University of Miami School of Law. He holds active bar admissions in the states of Florida, the District of Columbia, and New York, along with several U.S. District Courts and U.S. Courts of Appeals. He is a Martindale-Hubbell AV-rated securities attorney, and recently authored a book for executives and entrepreneurs on limiting litigation risk when raising capital.
Answers to EB-5 19 Questions Answered
- How should investors negotiate redeployment if no clauses regarding this is mentioned in the private placement memorandum?
- How could investing in franchises qualify for EB-5?
- What license does one need to provide EB-5 brokerage services in the U.S.?
- How can I get my investment capital back with a pending I-526?
- What are the securities requirements for a company to attract direct EB-5 investments?
- What are my rights as an EB-5 investor if I do not want my funds redeployed?
- How can we get investor consent in order to redeploy capital?
- How can I invest in two separate urgent care centers as part of one EB-5 project?
- How can a regional center sponsor a direct EB-5 investment?
- Who is responsible for checking the standing of a regional center with the SEC?
- How do direct EB-5 investors get their money back?
- Where can I obtain clarification on EB-5 project documents?
- How many EB-5 investors can a startup business have?
- How do I vet a specific EB-5 regional center project?
- How can I immediately qualify for the EB-5 visa and move to the United States?
- How can an EB-5 regional center legally accept administrative fees?
- What parts of the EB-5 process can immigration attorneys advise on?
- How can a recent EB-5 applicant get Homestead Exemption?
- How much of a time commitment is the EB-5 application process?