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SEC Bars Immigration Atty, Firm For EB-5 Fraud Scheme

Law360 (March 12, 2018, 9:15 PM EDT) -- The U.S. Securities and Exchange Commission on Monday imposed a full associational and penny stock bar against attorney Hui Feng and his law firm months after a California federal judge found them liable for defrauding Chinese nationals looking to obtain visas.

While Feng is appealing a district court’s ruling that he operated as an unregistered broker-dealer and defrauded foreign clients through an EB-5 immigrant investor scheme, the SEC’s order bars him and his office from associating with a broker, dealer, investment adviser, municipal securities dealer, municipal...
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