The So-Called 'Issuer Exemption'

Panelists: JOHN LEO, RONALD FIELDSTONE, OSVALDO TORRES, JACKIE PRESTER

Rule 3a(4)-1 of the Securities Exchange Act is often referred to as the Issuer Exemptionoutlining an exemption from broker-dealer registration for persons associated to an issuer in order from these persons to sell the issuer's (NCE) securities. The exemption is very narrow and may not be available to most EB-5 issuers, even though many EB-5 issuers are currently relying on this exemption.