SEC v. PFP Entrust Corp. (unregistered distributions, 2022)

Settled

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In 2022 the SEC settled an administrative order against PFP Entrust Corp. and five others for an unregistered $15.8 million promissory note offering, with penalties totalling $255,000.

The record

What was ordered

Civil penalty

$255k

Disgorgement

—

Prejudgment interest

—

Total relief

$255k

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

On December 5, 2022 the SEC accepted settlements with PFP Entrust Corp., Promotional Consulting Partners, LLC, CPPC, Inc., Nick Skrelja, Jack Skrelja and Neil Yaldo. The order finds the unregistered offer and sale of about $15.8 million of promissory notes, violating Securities Act Sections 5(a) and 5(c). Penalties are $100,000 each on PFP and Promotional Consulting, $10,000 on Nick Skrelja, $25,000 on Jack Skrelja and $10,000 on Yaldo, with a further amount for CPPC. The record previously named only PFP Entrust and showed its $100,000 alone.

This library tags the matter as unregistered distributions, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2022-12-05 Administrative proceeding instituted (cease-and-desist)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.