The enforcement action targets an investment adviser for improper fee charges and unauthorized account access affecting advisory clients, directly implicating Investment Services conduct and fiduciary duty violations.
Low confidence — REQUIRES HUMAN REVIEW. This is an enforcement action against a non-depository investment adviser; Retail Banking does not apply as the defendant is not a licensed bank or building society.
Specialism
The SEC obtained court judgments imposing disgorgement, civil penalties, and permanent injunctions against named defendants for unauthorized fee charges and deceptive account access, constituting formal enforcement action.
Mandatory inheritance: Enforcement triggers Supervision as a required parent tag, and the conduct involves fraud-related violations (unauthorized fees and deceptive access).
2026-04-01 12:52:58·ggallwey@vixio.com
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TITLE: United States Securities and Exchange Commission Obtains Judgments Against Chicago-Based Investment Adviser for Improper Fee Charges
BODY:
On March 10 and March 26, 2026, the United States District Court for the Northern District of Illinois entered judgments in the Securities and Exchange Commission (SEC) enforcement action against P/E Capital Investment Management Partners and its chief executive, Eliseo Prisno (also known as Jojo Prisno).
According to the SEC's complaint, filed on July 3, 2025, Prisno and P/E Capital charged more than 200 advisory clients approximately $2.4 million in unauthorized and undisclosed quarterly fees between at least February 2019 and July 2023. The SEC alleged that in some instances, Prisno and P/E Capital deceptively accessed client accounts using clients' login credentials—frequently without their knowledge or consent—to approve such fees. Without admitting or denying the SEC's allegations, both defendants consented to entry of the judgments.
The judgments 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 court ordered each defendant to pay disgorgement with prejudgment interest and a civil penalty, with 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, to be determined by the court upon motion of the SEC.
The SEC's litigation was 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.