2026-03-31 sec-litreleases judgment 175 KB 9,529 chars

SEC v. Brent David Willis, No. 1:22-cv-02744, District of Colorado (Mar. 31, 2026) — Judgment

raw: SEC v. BRENT DAVID WILLIS

SEC v. BRENT DAVID WILLIS, No. 1:22-cv-02744 (Mar. 31, 2026)

Caption: Securities and Exchange Commission v. Brent David Willis

Enriched metadata

Scheme: insider-trading (95%)
Court: District of Colorado
Case No.: 1:22-cv-02744
Outcome: settled
Civil penalty: $175,000

Classified insider-trading(confidence 95%). EDGAR detection: forms 4/3/5/144· recall 81% / precision 19%. detection rule →

Extracted insights

Dollar amounts 3

$175K $175,000 $100K–$1M
$50K $50,000 $10K–$100K
$25K $25,000 $10K–$100K

Entities 3

person brent david willis
agency civil penalty of $175,000.00 to the securities and exchange commission
agency Securities and Exchange Commission

Triples 13

Securities and Exchange Commission filed Complaint
Brent David Willis consented to Court's jurisdiction
Brent David Willis consented to entry of Final Judgment
Brent David Willis is restrained from violating Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933
Brent David Willis is restrained from aiding and abetting violation of Section 13(a) of the Exchange Act and Regulation FD
Brent David Willis is enjoined from acting as officer or director of any issuer for 5 years
Brent David Willis shall pay civil penalty of $175,000.00 to the Securities and Exchange Commission
Brent David Willis shall transmit photocopies of evidence of payment to Commission's counsel
Brent David Willis relinquishes all legal and equitable right, title, and interest in such funds
Securities and Exchange Commission shall send funds paid to the United States Treasury
Securities and Exchange Commission may enforce Court's judgment for penalties
Brent David Willis shall pay post-judgment interest on any amounts due after 30 days
Brent David Willis shall comply with undertakings and agreements set forth in the Consent

PDF

SEC v. BRENT DAVID WILLIS · Source

Text layers

Extracted body text (9,529c)

UNITED STATES DISTRICT COURT
DISTRICT OF COLORADO

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,
C.A. No. 22-cv-07244-GPG-TPO

BRENT DAVID WILLIS,

Defendant.

FINAL JUDGMENT AS TO DEFENDANT BRENT DAVID WILLIS

The Securities and Exchange Commission having filed a Complaint and Defendant Brent

David Willis (“Defendant”) having entered a general appearance; consented to the Court’s

jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final

Judgment without admitting or denying the allegations of the Complaint (except as to

jurisdiction and except as otherwise provided herein in paragraph [VI]); waived findings of fact

and conclusions of law; and waived any right to appeal from this Final Judgment:

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is

permanently restrained and enjoined from violating Sections 17(a)(2) and 17(a)(3) of the

Securities Act of 1933 (the “Securities Act”) [15 U.S.C. § 77q(a)(2), (3)] in the offer or sale of

any security by the use of any means or instruments of transportation or communication in

interstate commerce or by use of the mails, directly or indirectly:

(2) to obtain money or property by means of any untrue statement of a material fact

or any omission of a material fact necessary in order to make the statements

Case No. 1:22-cv-02744-GPG-TPO Document 104 filed 03/25/26 USDC Colorado
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made, in light of the circumstances under which they were made, not misleading;

(3) to engage in any transaction, practice, or course of business which operates or

would operate as a fraud or deceit upon the purchaser.

by, directly or indirectly, making any false or misleading statement, or disseminating any false or

misleading documents, materials, or information, concerning matters relating to a decision by an

investor or prospective investor to buy or sell securities of any company.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in

Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who

receive actual notice of this Final Judgment by personal service or otherwise: (a) Defendant’s

officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or

participation with Defendant or with anyone described in (a).

II.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant

is permanently restrained and enjoined from aiding and abetting any violation of Section 13(a) of

the Exchange Act [15 U.S.C. § 78m(a)] and Regulation FD [17 C.F.R. § 243.100, et seq.]

thereunder by knowingly or recklessly providing substantial assistance to an issuer that privately

discloses material nonpublic information to certain persons outside the issuer without

simultaneously disclosing such information to the public.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in

Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who

receive actual notice of this Final Judgment by personal service or otherwise: (a) Defendant’s

officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or

Case No. 1:22-cv-02744-GPG-TPO Document 104 filed 03/25/26 USDC Colorado
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participation with Defendant or with anyone described in (a).

III.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that pursuant to the

Court’s inherent authority to fashion appropriate equitable relief in this matter, and Section

21(d)(5) of the Exchange Act [15 U.S. Code § 78u] for the benefit of investors, Defendant is

enjoined for a period of 5 years from the date of this Final Judgment from acting as an officer or

director of any issuer that has a class of securities registered pursuant to Section 12 of the

Exchange Act [15 U.S.C. § 78l] or that is required to file reports pursuant to Section 15(d) of the

Exchange Act [15 U.S.C. § 78o(d)].

IV.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant shall pay a

civil penalty in the amount of $175,000.00 to the Securities and Exchange Commission pursuant

to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)]. Defendant shall pay the penalty due

of $175,000.00 in 4 installments to the Commission according to the following schedule: (1)

$25,000.00 within 30 days of entry of this Final Judgment; (2) $50,000.00 within 90 days of

entry of this Final Judgment; (3) $50,000.00 within 180 days of entry of this Final Judgment; and

(4) $50,000.00 within one year of entry of this Final Judgment. Payments shall be deemed made

on the date they are received by the Commission and shall be applied first to post judgment

interest, which accrues pursuant to 28 U.S.C. § 1961 on any unpaid amounts due after 30 days of

the entry of Final Judgment. Prior to making the final payment set forth herein, Defendant shall

contact the staff of the Commission for the amount due for the final payment.

If Defendant fails to make any payment by the date agreed and/or in the amount agreed

according to the schedule set forth above, all outstanding payments under this Final Judgment,

Case No. 1:22-cv-02744-GPG-TPO Document 104 filed 03/25/26 USDC Colorado
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including post-judgment interest, minus any payments made, shall become due and payable

immediately at the discretion of the staff of the Commission without further application to the

Court.

Defendant may transmit payment electronically to the Commission, which will provide

detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly

from a bank account via Pay.gov through the SEC website at

http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank

cashier’s check, or United States postal money order payable to the Securities and Exchange

Commission, which shall be delivered or mailed to

Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of

this Court; Brent David Willis’s name as a defendant in this action; and specifying that payment

is made pursuant to this Final Judgment.

Defendant shall simultaneously transmit photocopies of evidence of payment and case

identifying information to the Commission’s counsel in this action. By making this payment,

Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part

of the funds shall be returned to Defendant. The Commission shall send the funds paid pursuant

to this Final Judgment to the United States Treasury.

The Commission may enforce the Court’s judgment for penalties by the use of all

collection procedures authorized by law, including the Federal Debt Collection Procedures Act,

28 U.S.C. § 3001 et seq., and moving for civil contempt for the violation of any Court orders

issued in this action. Defendant shall pay post-judgment interest on any amounts due after 30

Case No. 1:22-cv-02744-GPG-TPO Document 104 filed 03/25/26 USDC Colorado
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days of the entry of this Final Judgment pursuant to 28 USC § 1961.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent is

incorporated herein with the same force and effect as if fully set forth herein, and that Defendant

shall comply with all of the undertakings and agreements set forth therein.

VI.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, solely for purposes of

exceptions to discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. §523, the

allegations in the complaint are true and admitted by Defendant, and further, any debt for

disgorgement, prejudgment interest, civil penalty or other amounts due by Defendant under this

Final Judgment or any other judgment, order, consent order, decree or settlement agreement

entered in connection with this proceeding, is a debt for the violation by Defendant of the federal

securities laws or any regulation or order issued under such laws, as set forth in Section

523(a)(19) of the Bankruptcy Code, 11 U.S.C. §523(a)(19).

VII.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that except as

otherwise stated in this Final Judgment and the Consent of Defendant dated [March 25, 2026]

(the “Consent”), which is incorporated herein with the same force and effect as if fully set forth

herein, the Court hereby dismisses with prejudice all other claims and relief sought in this action

based on the conduct alleged in the Complaint through the date of this Final Judgment.

VIII.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall

retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment.

Case No. 1:22-cv-02744-GPG-TPO Document 104 filed 03/25/26 USDC Colorado
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Dated: ______________, _____

____________________________________
Gordon P. Gallagher
UNITED STATES DISTRICT JUDGE

March 25th 2026

______________ _________________________ _____________ ____________________________________ __
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Case No. 1:22-cv-02744-GPG-TPO Document 104 filed 03/25/26 USDC Colorado
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