SEC
Whistleblower
Advocates

February 16, 2017

Angel Oak Capital Partners, LLC, Peraza Capital & Investment, LLC, Sreeniwas Prabhu, David W. Wells

Financial Fraud

SANCTION AMOUNT: $3,755,000

Defendants: Angel Oak Capital Partners, LLC, Peraza Capital & Investment, LLC
Sreeniwas Prabhu, David W. Wells

The SEC found that respondent Angel Oak operated an unregistered broker-dealer for nearly five years, and that the other respondents caused this violation. Angel Oak allegedly entered into an independent contractor agreement with Peraza Capital in late 2009 for the purpose of conducting a securities business, despite not being registered - a fact known to Peraza Capital. Prabhu was an owner of Angel Oak and Wells was an employee of an affiliate.

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