TOP CORPORATE ATTORNEYS
raising capital through the EB-5 program on
matters of structuring, strategy, securities
law and corporate law. His experience
includes EB-5 offerings ranging from “direct”
$500,000 raises up to complex $400
million raises and everything in between.
Turner has been interviewed about the EB-5
program by various media sources and has
published several articles related to EB-5. He
routinely lectures at events and conferences
throughout the world. Turner is a graduate
of Princeton University and Georgetown
University Law Center and is admitted to
practice law in New York and California.
CLEM G. TURNER
Corporate & Securities
Practice Manager
Barst Mukamal & Kleiner LLP
C
lem Turner is a partner in the New York
Office of Barst Mukamal & Kleiner LLP,
where he leads the Corporate and Securities
Practice. Turner has significant experience in
immigration investment, crowd finance, venture
capital, securities law and general business
and corporate counseling. He has counseled
numerous corporations and regional centers
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EB5 INVESTORS M AGAZINE
WHAT DO YOU THINK
THE FUTURE OF THE EB-5
INDUSTRY LOOKS LIKE?
The caliber of EB-5 offerings has steadily
increased over the past five years, as word
of the program has spread to reputable
developers with high-quality projects.
Simultaneously, the SEC and FINRA have
increased their scrutiny of EB-5 offerings,
helping to increase transparency of
disclosure, which should lead to a more
efficient worldwide market. I expect
these trends to continue, providing more
regulatory structure and guidance to
the industry. I would like to see several
proposed “Integrity” reforms become
enacted, so that those EB-5 participants
who currently incur additional expense
implementing “best practices” are no
longer at a cost disadvantage.
WHAT TRENDS ARE YOU SEEING
IN THE EB-5 INDUSTRY?
As a result of various factors, I believe
smaller regional center and direct deals
are gaining traction as larger deals
requiring hundreds of investors diminish.
This could lead to more widespread
utilization of the program, especially if
the proposed reforms making rural and
infrastructure projects more attractive
are passed. Another emerging trend I
am observing, in part likely because of
increased SEC and FINRA oversight,
is a rise in broker dealers, investment
advisors, due diligence providers and
third party fund administrators who cater
to EB-5 investors and the EB-5 industry.
This should benefit EB-5 investors and,
ultimately, the EB-5 market.