Defendant Name: NewAge, Inc.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 65019410

Initial Case Details

Legal Case Name In the Matter of NewAge, Inc.
First Document Date 19-Oct-2022
Initial Filing Format Administrative Action
File Number 3-21212
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Sec 13(a)
Securities Act
• Sec 17(a) (Not specified)
Other
• Regulation FD

Resolutions

First Resolution Date 19-Oct-2022

Related Documents:

33-11120 19-Oct-2022 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On October 19, 2022, the SEC instituted settled cease-and-desist proceedings against NewAge, Inc., stating: "From approximately July 2017 through April 2019 (the “relevant period”), NewAge, Inc. (“NewAge” or the “Company”), through its former Chief Executive Officer (“CEO”) and Director Brent D. Willis, made numerous false and misleading public statements concerning NewAge’s business operations and activities."

Related Actions:

SEC v. Brent David Willis
Brent David Willis