|
Matthias Knab, Opalesque: The United States District Court for the Northern District of Illinois entered judgments in the SEC's enforcement action against P/E Capital Investment Management Partners and its CEO, Eliseo Prisno (also known as Jojo Prisno).
According to the SEC's complaint, filed on July 3, 2025, from at least February 2019 through at least July 2023, Prisno and P/E Capital charged more than 200 advisory clients approximately $2.4 million in unauthorized and undisclosed quarterly fees. In some instances, the complaint alleges, Prisno and P/E Capital deceptively accessed client accounts using their clients' login credentials - frequently without their clients' knowledge or consent - to approve such fees.
Without admitting or denying the SEC's allegations, Prisno and P/E Capital consented to entry of the judgments, which permanently enjoin both defendants from violating the antifraud provisions of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.
The judgments also order each defendant to pay disgorgement with prejudgment interest and a civil penalty, with the amounts to be determined by the Court upon motion of the SEC. The judgment as to Prisno additionally enjoins him from acting as or being associated with any broker, dealer, or investment adviser - either permanently or for a specified duration, also to be determined by the Court upon motion of the SEC.
The SEC's litigation is being...................... To view our full article Click here
|
RSS
