When USCIS announced that H-4 holders would qualify for an automatic extension of their EAD, this was praised as a move in the right direction. However, the caveat to this rule is that to qualify for an automatic extension an individual needs to have a valid I-94. The automatic extension was initially 180 days, but...
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On November 23, 2022, The Securities and Exchange Commission (“SEC”) released its Strategic Plan for fiscal years 2022 through 2026, detailing its mission, vision, values, and goals moving forward through the next four years. Three main goals guide the SEC’s plan: (1) protecting the investing public against fraud, manipulation, and misconduct; (2) developing and implementing...
I came to the U.S. in 2007, over 15 years ago. I knew before I even came that I wanted to stay indefinitely. My wife was initially sponsored for a J-1 and then quickly switched to an O-1, with myself trailing in the shadows. My wife was and still is a talented fashion designer. She...
Nov152022
When raising capital in private offerings, issuers often rely on exemptions from registration under Regulation D of the Securities Act of 1993. Two of the most common exemptions are Rule 506(b) and Rule 506(c). While both exemptions allow private issuers to raise capital without registering with the SEC, each exemption has different requirements, limitations, benefits,...
It’s all over the news. Massive layoffs at Twitter and Facebook. Other companies will no doubt follow the same suit. Cutting employment costs is the number one way that companies deal with reduced profits, diminished demand for products and services, especially during a recession. Unfortunately for foreign nationals being laid off is particularly problematic as...
On August 19, 2022, the Department of Labor stated it would no longer recognize the Accrediting Council for Independent Colleges (ACICS) as an accrediting agency. This announcement affects English language study programs and F-1 students applying for STEM OPT extensions. SEVP will notify students if their school is affected by the above and strongly encourage...
This article provides an update on the number of employment-based green cards issued last year and available this year. USCIS confirmed that they were able to use all the employment-based visas in FY 2022, except for 6396 EB-5 visas that had carried over from the previous year. USCIS approved more than 220,000 employment-based adjustments of...
Applicants filing Form I-90, to replace their green card, will now receive a receipt notice extending their status for 24 months. This is effective as of September 26, 2022 and replaces USCIS’s previous policy of only issuing 12-month receipt notices. While helpful for applicants, this is yet another sign that USCIS is struggling to adjudicate...