U.S. charges New York-based company for allegedly targeting foreigners

WASHINGTON (Reuters) – The Securities and Exchange Commission on Monday said it had charged a New York-based company for a scheme illegally soliciting foreign nationals interested in living in the United States through a federal government investment program.

In a statement, the SEC alleged that the unregistered company, Edwin Shaw LLC, had illegally brokered dozens of investments by such foreigners between April 2014 and March 2017.

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