ADMINISTRATIVE PROCEEDING
File No. 3-21250

December 5, 2022 - The Securities and Exchange Commission today charged PFP Entrust Corp., Promotional Consulting Partners LLC, and CPPC, Inc., their respective owners, brothers Nick and Jack Skrelja, and their associate, Neil Yaldo, for the unregistered offer and sale of securities.

As stated in the SEC's order, from at least October 2016 through July 2021, Nick Skrelja, Jack Skrelja, Neil Yaldo, PFP Entrust Corp., Promotional Consulting Partners LLC, and CPPC, Inc. sold nearly $15.8 million of promissory note securities to approximately 120 retail investors. According to the SEC's order, no registration was in effect as to the offer and sale of these securities.

The SEC's order finds that Nick Skrelja, Jack Skrelja, Neil Yaldo, PFP Entrust Corp., Promotional Consulting Partners LLC, and CPPC, Inc. violated the registration provisions of Sections 5(a) and 5(c) of the Securities Act of 1933. Each consented to the SEC order without admitting or denying the findings and agreed to cease and desist from future violations. PFP Entrust Corp. and Promotional Consulting Partners LLC are each ordered to pay a civil penalty of $100,000, Nick Skrelja and Neil Yaldo are each ordered to pay a civil penalty of $10,000, and Jack Skrelja is ordered to pay a civil penalty of $25,000. In addition, PFP Entrust Corp., Promotional Consulting Partners LLC, and CPPC, Inc. agreed to provide a copy of the SEC's order to investors in the promissory notes.

The SEC's investigation was conducted by Jen Peltz and Rebecca Hollenbeck with assistance from Joan Price. The investigation was supervised by Ana D. Petrovic.