Carofin has prepared this material so that participants in EB-5 financings (EB-5 Regional Centers, immigration attorneys, project sponsors, and potential EB-5 investors) can better understand and comply with U.S. securities laws when determining whether they should engage a FINRA-registered broker-dealer to support their EB-5 financing.

EB-5 financings involve the issuance of securities that are subject to the same regulatory requirements, both federal and state, as all other securities offerings in the U.S.  There is no special treatment for the securities offered through EB-5 financings.

If there is any form of solicitation to, or resulting investment by, a person located in the U.S., a U.S. broker-dealer must sponsor the EB-5 financing, except in special circumstances.  For more information, read on.