Investment Management
Perini Capital LLCInformation and Alerts
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This business has 1 alert.
Government Actions
Securities and Exchange Commission v. Perini Capital, LLC and Michael D. Perini
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On May 6, 2022, Perini Capital, LLC and Michael D. Perini entered into a Cease and Desist Order with the Securities and Exchange Commission. The Order settles allegations that the business and Perini violated the Advisers Act, prohibiting an investment adviser, while acting as a principal for his own account, from knowingly selling any security to or purchasing any security from any client, without disclosing to such client in writing before completion of such transaction the capacity in which he is acting and obtaining the consent of the client to the transaction. Under terms of the Order, the business and Perini agreed to cease and desist from committing or causing any violations and any future violations, pay civil penalties totaling $150,000, and have been censured.
This action is final.
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