Are there any special requirements for non-U.S. investors in securities fraud cases?
In Washington, non-U.S. investors in securities fraud cases have different requirements than U.S. investors. Washington requires that non-U.S. investors have a representative or agent who is knowledgeable about the U.S. securities laws. The representative must be licensed to practice law in the United States and be a resident or have an office located in the state of Washington. The representative should have at least three years of experience of representing non-U.S. investors in securities fraud cases. It is also important to note that non-U.S. investors may be subject to different state or federal laws as it relates to securities fraud cases as well. This means that they may need to comply with foreign laws and regulations when considering pursuing a securities fraud case. Additionally, non-U.S. investors may be subject to certain limitations as to how much money they can pursue from dishonest brokers or other entities. Non-U.S. investors should also be aware that they may be facing unique challenges when bringing a case against a party in the United States. Non-U.S. investors may be subject to different discovery rules, statutes of limitations, and rules of evidence when bringing a case in Washington. It is important for non-U.S. investors to understand the legal landscape in Washington before pursuing any securities fraud cases in the state.
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