Defendant Name:
NewAge, Inc.
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
65019410
Document Reference:
33-11120
Document Details
Legal Case Name
In the Matter of NewAge, Inc.
Document Name
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
Document Date
19-Oct-2022
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Undertaking to Cooperate in Related Action
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
