Kautilya (“Tony”) Sharma, Perian Salviola, and Pallas Holdings, LLC

The U.S. Securities and Exchange Commission obtained final judgments against individuals Joshua Sason, Perian Salviola, and their business entity Pallas Holdings, LLC for participating in illegal microcap securities offerings. The judgments resolve all remaining claims, with the defendants ordered to pay $5.4 million in disgorgement and penalties, and face permanent injunctions from violating Securities Act provisions. The SEC's enforcement action highlights the importance of registration requirements for securities offerings, with the Pallas Defendants barred from participating in penny stock offerings for two years. This outcome emphasizes compliance considerations for businesses engaging in securities activities, underscoring the need to adhere to registration and exemption rules.