Violation Tracker Individual Record

Company: 
Premiere Power LLC
Penalty: 
$2,587,523
Year: 
2015
Date: 
October 21, 2015
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The SEC announced that the United States District Court for the Southern District of New York entered default judgments against Premiere Power, LLC and its Chairman Jerry Jankovic for violating the anti-fraud provisions of the federal securities laws by failing to inform investors that they were using more than half of the funds raised to defend an unrelated lawsuit and by making other false and misleading disclosures in the offering materials provided to investors.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.