Skip to main content    

Company Filings

U.S. Securities and Exchange Commission

                        -  About                            -  Careers 
                          -  Commissioners 
                          -  Contact 
                          -  Reports and Publications 
                          -  Securities Laws 
                          -  Mission 
                          -  Commission Votes 
                        -  Divisions & Offices                            -  Corporation Finance 
                          -  Enforcement 
                          -  Investment Management 
                          -  Economic and Risk Analysis 
                          -  Trading and Markets 
                          -  Office of Administrative Law Judges 
                          -  Examinations 
                        -  Enforcement                            -  Litigation Releases 
                          -  Administrative Proceedings 
                          -  Opinions and Adjudicatory Orders 
                          -  Accounting and Auditing 
                          -  Trading Suspensions 
                          -  How Investigations Work 
                          -  Receiverships 
                          -  Information for Harmed Investors 
                        -  Regulation                            -  Rulemaking Activity 
                          -  Proposed Rules 
                          -  Final Rules 
                          -  Interim Final Temporary Rules 
                          -  Other Orders and Notices 
                          -  Self-Regulatory Organizations 
                          -  Staff Interpretations 
                        -  Education                            -  Investor Education 
                          -  Glossaries 
                          -  Small Business Capital Raising 
                        -  Filings                            -  EDGAR – Search & Access 
                          -  EDGAR – Information for Filers 
                          -  Company Filing Search 
                          -  How to Search EDGAR 
                          -  Forms List 
                          -  About EDGAR 
                        -  News                            -  Press Releases 
                          -  Speeches and Statements 
                          -  Securities Topics 
                          -  Upcoming Events 
                          -  Webcasts 
                          -  SEC Videos 
                          -  Media Gallery 

                -  U.S. Securities and Exchange Commission                    -  Divisions & Offices 
                  -  Enforcement 
                  -  Regulation 
                  -  Education 
                  -  Filings 
                  -  Newsroom 
                -  Newsroom                    -  Press Releases 
                  -  Testimony 
                -  RSS Feeds                    -  Press Releases 
                  -  Public Statements 
                  -  Speeches 
                  -  Testimony 

## Enforcement

-  Enforcement 
-  About 
-  Enforcement Manual 
-  Public Alerts 
-  Federal Court Actions 
-  Administrative Proceedings 
-  ALJ Orders 
-  ALJ Decisions 
-  Commission Opinions 
-  Trading Suspensions 
-  Information for Harmed Investors 
-  Enforcement Cooperation Program 
-  Foreign Corrupt Practices Act (FCPA) 
-  Tips & Complaints 
-  Data Delivery Standards 
-  Divisions and Offices 

## Enforcement

-  Enforcement 
-  About 
-  Enforcement Manual 
-  Public Alerts 
-  Federal Court Actions 
-  Administrative Proceedings 
-  ALJ Orders 
-  ALJ Decisions 
-  Commission Opinions 
-  Trading Suspensions 
-  Information for Harmed Investors 
-  Enforcement Cooperation Program 
-  Foreign Corrupt Practices Act (FCPA) 
-  Tips & Complaints 
-  Data Delivery Standards 
-  Divisions and Offices 

# Other

# In the Matter of Peter R. Kohli, et al. Case No. 16-cv-05143-JLS (E.D. Pa)

                            Oct. 14, 2022                       

On September 28, 2016, the Commission filed a complaint against Peter R. Kohli ("Kohli"), DMS Advisors, Inc., and Marshad Capital Group, Inc. (collectively, the "Defendants"), and named The DMS Funds ("DMS") as a relief defendant. The complaint alleged that, from 2012 through 2015, the Defendants lied in four distinct ways to induce over 120 investors to invest at least $3.2 million in DMS, which consisted of four emerging markets mutual fund series, all of which were entities owned or controlled by Kohli. See Complaint

The Court entered final judgments against the Defendants and Relief Defendant. Defendants and Relief Defendants were ordered to pay a total of $ 4,321,873.09 in disgorgement, prejudgment interest and penalties. In each of the final judgments, the Commission was ordered to hold all funds, together with interest and income earned thereon, pending further order of the Court. See Final Judgement - Marshad, Final Judgement - DMS Advisors, Amended Final Judgment - Peter R. Kohli, Amended Final Judgment - DMS Funds.

As of June 5, 2020, a total of $565,577.50 in disgorgement and prejudgment interest has been collected (the “Distribution Fund”). Any future funds paid pursuant to the Defendants’ or Relief Defendant’s judgments will be added to the Distribution Fund. The Distribution Fund is currently deposited in an interest-bearing account with the U.S. Department of the Treasury’s Bureau of the Fiscal Service.

On May 2, 2018, the Court entered an Order appointing Miller Kaplan Arase LLP as the Tax Administrator for the Distribution Fund. See the Court’s Order.

On June 24, 2020, the Court entered an Order approving a Distribution Plan (the “Plan”) and appointing Keshia W. Ellis, a Commission employee, as the Distribution Agent of the Distribution Fund. See the Court’s Order and the Plan.

The Plan provides for the distribution of the Distribution Fund to Eligible Recipients who incurred net losses from investments made, resulting from Defendants’ conduct as alleged in the Complaint.

On October 9, 2020, the Commission filed a motion requesting an order to disburse $565,577.50, comprising the Net Distribution Fund from the Distribution Fund to eligible recipients in accordance with the Plan. See the Commission’s Motion in Support. 

On October 27, 2020 the Court entered an Order approving the disbursement of the Net Distribution Fund from the Distribution Fund for distribution to eligible recipients in accordance with the Plan. See Order.

The distribution in this matter is ongoing.

For more information, please contact the Commission:

Office of DistributionsEmail: ENFOfficeofDistributions@sec.gov

SOCIAL MEDIA1Twitter 2Facebook2Instagram3RSS4YouTube6LinkedIn8Email Updates

## About The SEC

-  Budget & Performance 
-  Careers 
-  Commission Votes 
-  Contact 
-  Contracts 
-  Data Resources 

## Transparency

-  Accessibility & Disability 
-  FOIA 
-  Inspector General 
-  No FEAR Act & EEO Data 
-  Ombuds 
-  Whistleblower Protection 

## Websites

-  Investor.gov 
-  Related Sites 
-  USA.gov 

## Site Information

-  Plain Writing 
-  Privacy & Security 
-  Site Map 

**Return to Top