2025-07-03 sec-litreleases litigation_release 65 KB 1,777 chars

SEC v. Eliseo Prisno; and P/E Capital Investment Management Partners, No. LR-26339, Northern District of Illinois (July 3, 2025) — Press Release

raw: Eliseo Prisno and P/E Capital Investment Management Partners

Eliseo Prisno and P/E Capital Investment Management Partners, No. LR-26339 (July 3, 2025)

Caption
SEC v. Eliseo Prisno, et al.
Source PDF JSON
summary

The SEC charged P/E Capital Investment Management Partners and CEO Eliseo Prisno for fraudulent billing of over $2.4 million in unauthorized fees to secure injunctions and penalties.

paragraph

The SEC charged Chicago-based investment adviser P/E Capital Investment Management Partners and CEO Eliseo Prisno for fraudulent billing practices occurring between 2019 and 2023. The defendants allegedly charged clients over $2.4 million in unauthorized and undisclosed fees. The complaint alleges violations of the Advisers Act and seeks permanent injunctions, disgorgement, and civil penalties.

narrative

The SEC has charged Chicago-based investment adviser P/E Capital Investment Management Partners and its CEO, Eliseo Prisno, for fraudulent billing practices spanning from February 2019 to July 2023. The defendants are accused of charging more than $2.4 million in unauthorized and undisclosed fees to their clients. To bypass brokerage requirements for direct client authorization, Prisno and P/E Capital allegedly used client login credentials without consent. The SEC's complaint alleges violations of the antifraud provisions of Sections 206(1) and 206(2) of the Advisers Act. The litigation seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against both defendants. Additionally, the SEC is pursuing a conduct-based injunction specifically against Prisno.

Enriched metadata

Scheme
investment-adviser-fraud (100%)
Court
Northern District of Illinois
Victim loss
$2,400,000
Entity
P/E Capital Investment Management Partners
Classified investment-adviser-fraud(confidence 100%). EDGAR detection: forms ADV/ADV-E/ADV-W/Form D· recall 33% / precision 13%. detection rule →
Statutes
15 U.S.C. § 80b-6
Parties
Securities and Exchange CommissionEliseo PrisnoP/E Capital Investment Management Partners
Keywords
prisno capitalprisnocapitaleliseo prisnocapital investmentinvestment managementmanagement partnersinvestmentsecurities exchangeexchange commissionmanagementeliseopartnersjulyjuly securities

Exhibits & Attached Documents (1)

Extracted insights

Dollar amounts 1
  • $2.40M $2.4 million $1M–$10M
Entities 3
  • company eliseo prisno and p/e capital
  • agency sec complaint
  • agency Securities and Exchange Commission
Triples 8
  • Securities And Exchange Commission charged Chicago Based Investment Adviser P/E Capital Investment Management Partners and its CEO Eliseo Prisno for fraudulent billing practices
  • Eliseo Prisno and P/E Capital charged more than $2.4 million in unauthorized and undisclosed fees to its clients
  • Eliseo Prisno and P/E Capital circumvented their brokerage firm’s requirement that clients directly authorize additional fees by using clients’ login credentials without consent
  • SEC Complaint charges Eliseo Prisno and P/E Capital with violating antifraud provisions of Sections 206(1) and 206(2) of the Advisers Act
  • Complaint seeks permanent injunctions, disgorgement with prejudgment interest, civil penalties against both defendants, and a conduct-based injunction against Eliseo Prisno
  • Investigation conducted by Daniel Griffin and Bradley Lewis
  • Investigation supervised by Jeffrey Shank and Corey Schuster
  • Litigation conducted by Jonathan Polish and Alyssa Qualls
PDF (from attached: complaint)
ELISEO JOJO PRISNO and P/E : JURY TRIAL DEMANDED · Source
Text layers
Extracted body text (1,777c) 
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26339 / July 3, 2025 Securities and Exchange Commission v. Eliseo Prisno (a/k/a Jojo Prisno) and PE Capital Investment Management Partners, No. 25-civ- (N.D. Ill. filed July 3, 2025) SEC Charges Chicago-Based Investment Adviser with Charging Improper Fees On July 3, 2025, the Securities and Exchange Commission charged Chicago-based investment adviser P/E Capital Investment Management Partners and its CEO, Eliseo Prisno, for fraudulent billing practices. The SEC's complaint alleges that from at least February 2019 through at least July 2023, Prisno and P/E Capital charged more than $2.4 million in fees to its clients that were unauthorized and undisclosed. In some instances, the complaint alleges, Prisno and P/E Capital deceptively circumvented their brokerage firm’s requirement that clients directly authorize any additional fees by using their clients’ login credentials without their consent. The SEC's complaint, filed in federal district court in Chicago, charges Prisno and P/E Capital with violating the antifraud provisions of Sections 206(1) and 206(2) of the Advisers Act. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against both defendants, and a conduct-based injunction against Prisno. The SEC's investigation based out of the Chicago Regional Office was conducted by Daniel Griffin and Bradley Lewis and supervised by Jeffrey Shank and Corey Schuster, all of the Enforcement Division’s Asset Management Unit, with the assistance of Steven Levine, Max Gillman, Paul Mensheha, and Gena Kusiak of the SEC’s Division of Examinations in the Chicago Regional Office. The litigation will be conducted by Jonathan Polish and Alyssa Qualls.
OCR text (1,777c · html-text · 99% conf) 
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26339 / July 3, 2025 Securities and Exchange Commission v. Eliseo Prisno (a/k/a Jojo Prisno) and PE Capital Investment Management Partners, No. 25-civ- (N.D. Ill. filed July 3, 2025) SEC Charges Chicago-Based Investment Adviser with Charging Improper Fees On July 3, 2025, the Securities and Exchange Commission charged Chicago-based investment adviser P/E Capital Investment Management Partners and its CEO, Eliseo Prisno, for fraudulent billing practices. The SEC's complaint alleges that from at least February 2019 through at least July 2023, Prisno and P/E Capital charged more than $2.4 million in fees to its clients that were unauthorized and undisclosed. In some instances, the complaint alleges, Prisno and P/E Capital deceptively circumvented their brokerage firm’s requirement that clients directly authorize any additional fees by using their clients’ login credentials without their consent. The SEC's complaint, filed in federal district court in Chicago, charges Prisno and P/E Capital with violating the antifraud provisions of Sections 206(1) and 206(2) of the Advisers Act. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against both defendants, and a conduct-based injunction against Prisno. The SEC's investigation based out of the Chicago Regional Office was conducted by Daniel Griffin and Bradley Lewis and supervised by Jeffrey Shank and Corey Schuster, all of the Enforcement Division’s Asset Management Unit, with the assistance of Steven Levine, Max Gillman, Paul Mensheha, and Gena Kusiak of the SEC’s Division of Examinations in the Chicago Regional Office. The litigation will be conducted by Jonathan Polish and Alyssa Qualls.

Related documents (1)