EB5 Investors Magazine has named Bob Cornish, a partner in Anderson Kill's Washington, D.C. office, a Top25 Litigation Attorney in the EB-5 arena.
EB-5 investment funds are formed under the EB-5 Immigrant Investor Visa Program, which enables immigrant investors to become lawful permanent U.S. residents by investing at least $900,000 to finance a business that will employ at least 10 American workers.
As EB5 Investors Magazine notes, Bob Cornish "routinely handles SEC enforcement, litigation and compliance-related matters for participants in the EB-5 industry, leaning on his experience as a former Series 24 principal with a broker-dealer and as a compliance officer for institutional asset managers. Cornish is a member of the EB-5 Securities Roundtable and is recognized as a 'go-to' attorney on broker-dealer compliance and regulatory matters of the industry."
Asked by the magazine about current litigation trends in the space and the impact of new regulations, Bob responded:
Litigation in the EB-5 arena continues to evolve as the industry matures. Industry participants are now more sophisticated in understanding their abilities to seek legal remedies, especially in matters involving marketing and placement agents. Likewise, investors with redeployment issues and those who may have been defrauded are becoming more aware of their options and remedies, not only in the U.S. legal forums, but also in alternative forums such as arbitration and mediation. One should expect continued enforcement focus on EB-5 by the SEC and FINRA in more focused and discrete areas of licensing and compliance procedures in the coming months.
A veteran securities attorney, Bob is a Chairperson-trained arbitrator for FINRA, NFA and the London Court of International Arbitration, and a Rule 31 Mediator with the Tennessee Supreme Court. He represents clients on FINRA and NFA arbitrations and court proceedings, and securities and commodities registrants in connection with enforcement and disciplinary proceedings before FINRA, NFA, CFTC, SEC and state securities regulators.
Bob also represents cutting-edge technology firms and investors in the U.S. and abroad, and has been instrumental in continued efforts to promote, draft and pass blockchain and banking legislation in Wyoming. He is a member of Anderson Kill’s Technology, Media and Distributed Systems Group.