SEC v. Brent David Willis (2026)

Judgment entered

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In March 2026 the Securities and Exchange Commission announced a consent judgment, entered March 25, against Brent Willis, former chief executive of NewAge, Inc., over false and misleading public statements from July 2017 to April 2019 and aiding the company's selective disclosure of material non-public information. He was enjoined under Securities Act Sections 17(a)(2) and 17(a)(3), enjoined from aiding violations of Section 13(a) and Regulation FD, barred as an officer or director for five years and ordered to pay a $175,000 penalty. No insider trading is alleged.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-26516
Date filed	2026-03-31
Date resolved	2026-03-31
Court	U.S. District Court, District of Colorado
Status	judgment
Criminal parallel	No
Bars imposed	officer-and-director bar
Defendants	Brent David Willis (individual)
Cited as charged or alleged	Exchange Act s.13(a) ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $175k
Disgorgement: —
Prejudgment interest: —
Total relief: $175k
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this judgment on March 31, 2026 as release LR-26516, in a District of Colorado case filed October 18, 2022.

The claim is disclosure fraud and Regulation FD selective disclosure by the company, not trading by Willis.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

2026-03-31 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2022-10-18	SEC	SEC v. Brent David Willis (2022)	Settled
2026-03-31	SEC	SEC v. Brent David Willis (2026)(this record)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.