Dec222022
Like most people, I can’t believe it’s time for another new year to begin, and the guilt-ridden, annual ritual of confronting last year’s resolutions that failed to materialize. Although a few of my resolutions never came to fruition, I did follow through on one commitment–to engage in more volunteer work assisting communities in need. I’ve...
USCIS has released a new version of Form I-485, which must be used from December 23, 2022. This form can be found at: https://www.uscis.gov/sites/default/files/document/forms/i-485.pdf This form is intended for preview only and should not be submitted prior to December 23, 2022. This form becomes mandatory on the aforementioned date which means that the current version...
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...
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
Securities lawyer Chris Barsness talks about the recent collapse of FTX and its exchange and the chapter 11 bankruptcy filing by FTX Trading and issues around regulations. ...
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...