On June 5, 2017, the Supreme Court placed a significant limitation on the SEC's use of disgorgement in enforcement actions.
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The North Dakota legislature substantially modified the program, reenacting it as the “Angel Investor” tax credit program during the 2017 legislative session.
New cybersecurity regulations impacting broker-dealers and investment advisers in Colorado went into effect over the weekend.
On June 30, 2017, the Minneapolis City Council passed an ordinance raising minimum wage rates in Minneapolis over a seven-year period, ultimately to a minimum wage rate of $15 an hour by July 2024 for all covered employers.
On June 26, 2017, the Supreme Court of the United States allowed parts of the Trump Administration’s travel ban to go into effect.
The U.S. Court of Appeals for the Fourth and Ninth Circuits have upheld a nationwide preliminary injunction rejecting a substantial portion of the Trump administration’s revised executive order barring entry into the United States of people from certain countries.
USCIS assisted in several recent investigations leading to convictions in immigration fraud cases.
The Consolidated Appropriations Act of 2017, passed by Congress and signed May 7, extends the EB-5 immigrant investor visa program through September 30, 2017.
U.S. Citizenship and Immigration Services (USCIS) announced on May 3, 2017, that it had completed data entry of all fiscal year 2018 H-1B cap-subject petitions selected in a computer-generated random process.
State Department Announces Continued High Demand for Visa Numbers in Several Employment-Based Categories
The Department of State’s Visa Bulletin for the month of June 2017 notes that continued high demand is resulting in cut-off dates being established in several categories.