Mike Pieciak, commissioner of the Department of Financial Regulation.
Vermont officials are asking the federal government to reconsider a decision to immediately shutter the state-run EB-5 regional center.
The Department of Financial Regulation contends that a slower approach would better protect immigrant investors and the developers of projects already in the pipeline.
The U.S. Citizenship and Immigration Services, the federal administrator of the EB-5 program, sent a notice to the state in August threatening to terminate the center, which is under the cloud of the largest fraud case in the history of the immigrant investor visa program.
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