NES Financial | JTC Completes 15th Consecutive SOC 1 Type 2 Audit

This independent examination confirms the company’s commitment to due diligence in security, transparency and compliance. San Jose, CA, Dec 15, 2020 – Specialty financial administrator NES Financial | JTC announced the successful completion of its most recent SOC 1 Type 2 examination. As part of NES Financial | JTC’s commitment to minimize risk and maximize [...]

2022-03-14T08:47:09-07:00December 15th, 2020|Categories: Corporate, Press Release|Tags: , , |

“Plumbing” or Strategic Engine? Privcap on the Evolution—and the Future—of PE Fund Administration

A Privcap articles expands how the days of black boxes and no-questions-asked financial returns are long gone. Growing pressures from both regulators and investors for more transparency and more rigorous reporting have led to a boon in third-party private equity fund administration services. That growth has been fueled by more than compliance and competition, however. [...]

NES Financial Innovation Series Webinar: Next Generation Escrows

NES Financial’s Innovation Series kicks off with “Next Generation Escrows” on March 30, 2017 at 11:00 A.M. PST, and brings together the experience and expertise of Arnstein & Lehr’s Rohit Kapuria and NES Financial’s Reid Thomas. The EB-5 Regional Center Program continues to stand as a conduit for billions of dollars in foreign direct investment. [...]

2021-06-16T04:10:15-07:00March 14th, 2017|Categories: Blog, EB-5|Tags: , , , , , |

Selecting the Right Qualified Intermediary in a 1031 Exchange

Given the unpredictable state of today’s economy, many companies are selling business or investment property and buying other investment assets. By using a 1031 exchange in this process, companies can defer capital gains and depreciation recapture taxes. One of the requirements of using a 1031 exchange is that funds must be held in banks with [...]

2020-10-09T15:40:54-07:00February 28th, 2017|Categories: 1031 Exchange, Blog|Tags: , , , |

Stronger Integrity Measures in Store for a Long-Term EB-5 Extension

Even as the EB-5 Regional Center Program received another short-term extension on December 9 with the Continuing Resolution, comprehensive program reforms and a long-term extension are projected before April 2017. In recent legislative draft proposals, a strong emphasis has again been placed on protecting stakeholder rights. The proposal language mirrors previous EB-5 legislative drafts, which [...]

2021-12-13T16:58:05-08:00December 16th, 2016|Categories: Blog, EB-5|Tags: , , , , |

EB-5 Regional Center Program Extended Through April 2017

Replicating the high drama of the September 29 continuing resolution, the EB-5 Regional Center Program is set to be extended again through April 28, 2017. On December 6, 2016, Congress signaled that it would pass a new CR through a House-introduced Further Continuing and Security Assistance Appropriations Act. The Senate finally passed the CR with [...]

2020-10-22T16:13:47-07:00December 10th, 2016|Categories: Blog, EB-5|Tags: , , , |

Maximize Efficiency with Integrated Technology Systems

Consider the disparate technology systems used in private equity fund administration. Between back-office, middle-office, investor relations, and compliance, the different technologies being used may contribute to critical inefficiencies and unnecessary exposure to risk. The back-office fund accountant and fund accounting groups may be using Excel and SS&C, which lack integrated technology systems and require manual [...]

2020-10-09T15:27:04-07:00October 25th, 2016|Categories: Blog, Private Equity|Tags: , , |

Cybersecurity: Prioritizing Data Security Against Cyber Risk

One of the hot-button issues in almost all industries is cybersecurity. It has become a central topic of debate between presidential candidates, and has generated its fair share of sound bites, with both candidates pushing it as an immediate and top priority. Private equity firms, perhaps more so than other industries, need to follow suit. [...]

Risk factors for Fraud in EB-5

The EB-5 program has grown exponentially since 2008, generating more than $11 billion in foreign direct investment and supporting more than 30,000 jobs per year. However, with this growth comes growing pains: since 2013, the Securities and Exchange Commission has brought enforcement actions against more than eight allegedly fraudulent EB-5 projects. So, what are the [...]

2020-10-07T16:09:41-07:00June 8th, 2016|Categories: Blog, EB-5|Tags: , , , , |

Conflicts of Interest in EB-5

Conflicts of interest have been a common factor in nearly all isolated allegations of fraud involving EB-5 projects. The majority of EB-5 projects target raises between $5-15M—a substantial sum of money. Without the right safeguards in place, the temptation for an unscrupulous issuer to misuse investor funds can be high. Conflicts of interest only exacerbate [...]

2020-10-07T16:07:51-07:00June 7th, 2016|Categories: Blog, EB-5|Tags: , , , |
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