SEC Issues Cease and Desist Order To EB-5 Investment Companies: Matter of Ireeco

"]T]he U.S. Securities and Exchange Commission (SEC) issued  a Cease and Desist Order (the “Order”) against two related companies for acting as unregistered broker-dealers in connection with the sale of securities under the “EB-5” Investor Program (also sometimes referred to as the “EB-5 Visa Program”). The Order is monumental in itself as it represents the first time the SEC has charged any company with acting as an “unregistered broker-dealer” under the EB-5 Visa Program." - Anthony Zeoli, July 7, 2015.