The Blog of Kameli Law

SEC: Possible changes to private funds

By Taher Kameli     The Securities and Exchange Commission (SEC) has been very busy in recent weeks, as a series of rules have been announced as part of their 2022 agenda. These include areas such as cybersecurity, risk management, more reporting under Form PF, environmental, social, and governance (ESG) disclosures, beneficial proposed changes in ownership regulations, and new reporting under short-term sales rules are included.   The SEC will also make significant changes to the Investment Adviser Act of 1940, which could affect

SEC vs Seyed Taher Kameli: final decision on EB-5 case

Securities and Exchange Commission (SEC) v. Seyed Taher Kameli On January 24, 2022, Seyed Taher Kameli, without admitting or denying the SEC’s allegations of fraud, agreed to the entry of a final judgment in the U.S. District Court of the Northern District of Illinois. As summarized in the SEC’s press release, the second amended complaint,  filed in May 2019, alleged the following facts: “Kameli and his companies, Defendants Chicagoland Foreign

DACA: Under Constant Threat

By Taher Kameli and Chathan Vemuri   In 2012, then-President Barack Obama provided a crucial piece of legal protection for residents who unlawfully arrived in the United States as children in the form of the policy known as the Deferred Action for Childhood Arrivals, or DACA.[1] By executive action, the president provided these residents (or “Dreamers”) a two-year shield from deportation despite not having citizenship or lawful permanent residence.[2] Under the DACA policy, these residents are able to obtain work

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