HALISTER1: Raymond James Reaches $150m Jay Peak Settlement

Raymond James Reaches $150m Jay Peak Settlement

(Bloomberg) -- Agrees to settle all investor claims related to Jay Peak EB-5 visa matter, subject to court approval.
  • Relates to allegedly fraudulent investment program created by third parties
    • EB-5 is a U.S. government program in which foreign investors, families can obtain permanent residency green cards by making a capital investment in a U.S. business
  • Co accrued $50m related to this matter as of Dec. 31
  • Market cap $10.43b: Bloomberg data
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Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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RJF US (Raymond James Financial Inc)

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