SEC v. Kautilya "Tony" Sharma; Perian Salviola; and Pallas Holdings, LLC, No. LR-26313, Southern District of New York (May 23, 2025) — Press Release
raw: Kautilya (“Tony”) Sharma, Perian Salviola, and Pallas Holdings, LLC
Kautilya (“Tony”) Sharma, Perian Salviola, and Pallas Holdings, LLC, No. LR-26313 (S.D.N.Y. May 23, 2025)
summary
The SEC obtained final judgments against Kautilya Sharma, Perian Salviola, and Pallas Holdings, LLC for illegal microcap securities offerings, resulting in over $5.8 million in total payments.
paragraph
Kautilya Sharma, Perian Salviola, and Pallas Holdings, LLC were charged with violating Sections 5(a) and 5(c) of the Securities Act for unregistered microcap offerings. The defendants must jointly and severally pay $5,396,629.54 in disgorgement plus $404,631.17 in prejudgment interest. Individual penalties include $90,000 each for Sharma and Salviola, and a $500,000 penalty for Pallas Holdings, LLC.
narrative
The SEC secured final consent judgments against Kautilya “Tony” Sharma, Perian Salviola, and Pallas Holdings, LLC for participating in illegal microcap securities offerings without proper registration. The defendants were charged with violating Sections 5(a) and 5(c) of the Securities Act. To resolve the claims, the parties must jointly and severally pay $5,396,629.54 in disgorgement and $404,631.17 in prejudgment interest. Individual civil monetary penalties were also imposed: $90,000 each for Sharma and Salviola, and $500,000 for Pallas Holdings, LLC. Furthermore, Sharma and Salviola received two-year bars from participating in penny stock offerings. All defendants are permanently enjoined from future violations of the Securities Act.
Classified unregistered-securities(confidence 100%). EDGAR detection: forms Form D/S-1· recall 41% / precision 30%. detection rule →
Parties
Securities and Exchange CommissionKautilya "Tony" SharmaPerian SalviolaPallas Holdings, LLC
Keywords
securitiespallaspallas holdingssections securitiesseckautilya tonytony sharmasharma perianperian salviolasalviola pallasfinal judgmentspermanently enjoinedenjoined violatingviolating sectionssecurities ordered
Exhibits & Attached Documents (3)
Extracted insights
Dollar amounts 4
- $5.40M $5,396,629 $1M–$10M
- $500K $500,000 $100K–$1M
- $405K $404,631 $100K–$1M
- $90K $90,000 $10K–$100K
Entities 13
- person David Zetlin-Jones
- person final consent judgments
- person final judgments
- person pallas defendants
- company pallas holdings, llc
- organization Pallas Holdings, LLC
- person perian salviola
- agency sec's litigation
- agency Securities and Exchange Commission
- organization Securities and Exchange Commission
- person sheldon l. pollock
- court u.s. district court
- organization U.S. District Court
Triples 13
- Securities And Exchange Commission obtains final judgments
- U.S. District Court entered final consent judgments
- Kautilya Tony Sharma participated illegal microcap securities offerings
- Perian Salviola participated illegal microcap securities offerings
- Pallas Holdings, LLC participated illegal microcap securities offerings
- SEC alleged violations of Securities Act
- Pallas Defendants consented entry of final judgments
- Pallas Defendants pay $5,396,629.54
- Sharma pay civil monetary penalty of $90,000
- Salviola pay civil monetary penalty of $90,000
- Pallas Holdings, LLC pay civil monetary penalty of $500,000
- David Zetlin-Jones led SEC's litigation
- Sheldon L. Pollock supervised SEC's litigation
PDF (from attached: judgment)
Text layers
Extracted body text (2,241c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26313 / May 23, 2025 Securities and Exchange Commission v. Joshua Sason, et al, No. 19-cv-1459 (S.D.N.Y filed Feb. 15, 2019) SEC Obtains Final Judgments Against Participants in Illegal Microcap Securities Offerings On May 19, 2025, the U.S. District Court for the Southern District of New York entered final consent judgments against two individuals and their business entity that participated in illegal microcap securities offerings. Entry of the judgments resolves all remaining claims against Kautilya “Tony” Sharma, Perian Salviola, and Pallas Holdings, LLC (collectively, the “Pallas Defendants”) in the SEC’s February 15, 2019 complaint, which alleged, among other things, that the Pallas Defendants participated in the offer and sale of certain securities without a registration statement or any applicable exemption to registration requirements. On May 4, 2023, the District Court granted the SEC’s motion for summary judgment with respect to its claims that the Pallas Defendants had violated Sections 5(a) and 5(c) of the Securities Act. Without admitting or denying the allegations in the SEC’s complaint, the Pallas Defendants consented to the entry of final judgments that order them to pay disgorgement of $5,396,629.54 plus prejudgment interest of $404,631.17 on a joint-and-several basis. The final judgments further provide for the following relief: Sharma is permanently enjoined from violating Sections 5(a) and 5(c) of the Securities Act, was ordered to pay a civil monetary penalty of $90,000, and is barred from participating in any offering of a penny stock for two years. Salviola is permanently enjoined from violating Sections 5(a) and 5(c) of the Securities Act, was ordered to pay a civil monetary penalty of $90,000, and is barred from participating in any offering of a penny stock for two years. Pallas Holdings, LLC is permanently enjoined from violating Sections 5(a) and 5(c) of the Securities Act and was ordered to pay a civil monetary penalty of $500,000. The SEC’s litigation was led by David Zetlin-Jones, Eric Taffet, Daniel Loss, and Lee A. Greenwood, and was supervised by Sheldon L. Pollock, all of the SEC’s New York Regional Office.
OCR text (2,241c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26313 / May 23, 2025 Securities and Exchange Commission v. Joshua Sason, et al, No. 19-cv-1459 (S.D.N.Y filed Feb. 15, 2019) SEC Obtains Final Judgments Against Participants in Illegal Microcap Securities Offerings On May 19, 2025, the U.S. District Court for the Southern District of New York entered final consent judgments against two individuals and their business entity that participated in illegal microcap securities offerings. Entry of the judgments resolves all remaining claims against Kautilya “Tony” Sharma, Perian Salviola, and Pallas Holdings, LLC (collectively, the “Pallas Defendants”) in the SEC’s February 15, 2019 complaint, which alleged, among other things, that the Pallas Defendants participated in the offer and sale of certain securities without a registration statement or any applicable exemption to registration requirements. On May 4, 2023, the District Court granted the SEC’s motion for summary judgment with respect to its claims that the Pallas Defendants had violated Sections 5(a) and 5(c) of the Securities Act. Without admitting or denying the allegations in the SEC’s complaint, the Pallas Defendants consented to the entry of final judgments that order them to pay disgorgement of $5,396,629.54 plus prejudgment interest of $404,631.17 on a joint-and-several basis. The final judgments further provide for the following relief: Sharma is permanently enjoined from violating Sections 5(a) and 5(c) of the Securities Act, was ordered to pay a civil monetary penalty of $90,000, and is barred from participating in any offering of a penny stock for two years. Salviola is permanently enjoined from violating Sections 5(a) and 5(c) of the Securities Act, was ordered to pay a civil monetary penalty of $90,000, and is barred from participating in any offering of a penny stock for two years. Pallas Holdings, LLC is permanently enjoined from violating Sections 5(a) and 5(c) of the Securities Act and was ordered to pay a civil monetary penalty of $500,000. The SEC’s litigation was led by David Zetlin-Jones, Eric Taffet, Daniel Loss, and Lee A. Greenwood, and was supervised by Sheldon L. Pollock, all of the SEC’s New York Regional Office.