Raymond James Financial Inc. agreed to pay $150 million to settle a Miami federal class action brought by more than 850 EB-5 investors in the Jay Peak project.
The St. Petersburg-based financial services company faced claims that it aided and abetted the misuse of $200 million in funds invested through the EB-5 visa program, which helps foreigners obtain U.S. residency in exchange for a $500,000 investment in a job-creating enterprise.
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