Charles Kaufman is a corporate and securities attorney and shareholder at Los Angeles-based Lexcuity PC . With more than 25 years of experience in helping clients create , finance and govern their businesses , he regularly advises developers , entrepreneurs and regional centers seeking to raise capital through the EB-5 investor visa program and meeting the new compliance standards of the EB-5 Reform and Integrity Act . In addition to EB-5 , Kaufman ’ s fintech practice includes clients offering innovative digital securities and listing securities on SEC-regulated alternate trading systems . long overdue , but it was adopted in haste . Some provisions are poorly drafted . And some of the compliance requirements seem overly burdensome and arguably go beyond what is needed for investor protection . Nevertheless , renewal of the program and reduction in the risk of fraud is welcome . We ’ re seeing great interest in launching projects under RIA , despite the challenges .
HOW ARE YOU HANDLING THE ISSUE OF REDEPLOYMENT ?
Preparation is everything . For quite a long time we ’ ve been advising clients to include redeployment plans in their operating agreement or limited partnership agreement .
WHAT DO YOU THINK ABOUT THE EB-5 REFORM AND INTEGRITY ACT OF 2022 ?
The RIA reminds me of a stubborn ketchup bottle that you tap and tap … then it suddenly floods your plate . The act was