2026-03-31 sec-litreleases litigation_release 65 KB 1,924 chars

SEC v. Eliseo Prisno; and P/E Capital Investment Management Partners, No. LR-26515, Northern District of Illinois (Mar. 31, 2026) — Press Release

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

Eliseo Prisno and P/E Capital Investment Management Partners, No. LR-26515 (Mar. 31, 2026)

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

The SEC obtained judgments against P/E Capital and CEO Eliseo Prisno for charging $2.4 million in unauthorized fees through deceptive account access.

paragraph

Eliseo Prisno and P/E Capital Investment Management Partners were charged with collecting approximately $2.4 million in unauthorized and undisclosed quarterly fees from over 200 clients. The defendants faced allegations of violating the antifraud provisions of the Investment Advisers Act of 1940 by deceptively accessing client accounts to approve fees. The court entered judgments requiring disgorgement, interest, and civil penalties, alongside an injunction against Prisno from the investment industry.

narrative

The SEC secured judgments against P/E Capital Investment Management Partners and its CEO, Eliseo Prisno, for misconduct occurring between February 2019 and July 2023. The firm and its CEO allegedly charged more than 200 advisory clients approximately $2.4 million in unauthorized and undisclosed quarterly fees. To approve these fees, Prisno and P/E Capital deceptively accessed client accounts using client login credentials, often without consent. Both defendants consented to judgments for violating the antifraud provisions of the Investment Advisers Act of 1940. They are required to pay disgorgement, prejudgment interest, and civil penalties to be determined by the Court. Furthermore, Prisno faces an injunction barring him from being associated with any broker, dealer, or investment adviser for a duration to be determined by the Court.

Enriched metadata

Scheme
investment-adviser-fraud (100%)
Court
Northern District of Illinois
Outcome
settled
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
Sections 206(1) and 206(2) of the Investment Advisers ActSections 206(1) and 206(2) of the Investment Advisers Act
Parties
Securities and Exchange CommissionEliseo PrisnoP/E Capital Investment Management Partners
Keywords
prisno capitalprisnocapitalinvestmenteliseo prisnocapital investmentinvestment managementmanagement partnerssecmanagementeliseopartnersjudgmentssecurities exchangeinvestment adviser

Exhibits & Attached Documents (2)

Extracted insights

Dollar amounts 1
  • $2.40M $2.4 million $1M–$10M
Entities 2
  • company prisno and p/e capital
  • court united states district court for the northern district of illinois
Triples 7
  • United States District Court for the Northern District of Illinois entered judgments SEC’s enforcement action against P/E Capital Investment Management Partners and Eliseo Prisno
  • Prisno and P/E Capital charged more than 200 advisory clients approximately $2.4 million in unauthorized and undisclosed quarterly fees
  • Prisno and P/E Capital accessed client accounts using their clients’ login credentials
  • Prisno and P/E Capital consented to entry of the judgments
  • judgments enjoin Prisno and P/E Capital from violating the antifraud provisions of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940
  • judgments order each defendant to pay disgorgement with prejudgment interest and a civil penalty
  • judgment as to Prisno enjoins him from acting as or being associated with any broker, dealer, or investment adviser
PDF (from attached: judgment)
ELISEO JOJO PRISNO and P/E : Hon. Jorge L. Alonso · Source
Text layers
Extracted body text (1,924c) 
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26515/ March 31, 2026Securities and Exchange Commission v. Eliseo Prisno (a/k/a Jojo Prisno) and PE Capital Investment Management Partners, No. 25-civ-07491 (N.D. Ill. filed July 3, 2025)SEC Obtains Judgments as to Chicago-Based Investment Adviser and Its CEO for Allegedly Charging Improper FeesOn March 10 and March 26, 2026, 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.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 Prisno and P/E Capital 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. Finally, the judgment as to Prisno enjoins him from acting as or being associated with any broker, dealer, or investment adviser, either permanently or for a specified duration, to be determined by the Court upon motion of the SEC.The SEC's litigation is being conducted by Jonathan Polish and Alyssa Qualls of the SEC’s Chicago Regional Office, and Daniel Griffin of the Division of Enforcement’s Asset Management Unit.
OCR text (1,924c · html-text · 99% conf) 
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26515/ March 31, 2026Securities and Exchange Commission v. Eliseo Prisno (a/k/a Jojo Prisno) and PE Capital Investment Management Partners, No. 25-civ-07491 (N.D. Ill. filed July 3, 2025)SEC Obtains Judgments as to Chicago-Based Investment Adviser and Its CEO for Allegedly Charging Improper FeesOn March 10 and March 26, 2026, 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.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 Prisno and P/E Capital 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. Finally, the judgment as to Prisno enjoins him from acting as or being associated with any broker, dealer, or investment adviser, either permanently or for a specified duration, to be determined by the Court upon motion of the SEC.The SEC's litigation is being conducted by Jonathan Polish and Alyssa Qualls of the SEC’s Chicago Regional Office, and Daniel Griffin of the Division of Enforcement’s Asset Management Unit.

Related documents (2)