The SEC seeks summary judgment against Sewall and Stewart in the civil case.
In the civil action, the Securities and Exchange Commission (SEC) filed a Motion for Summary Judgment earlier this month against defendants, Bryan Edwin Sewall and Michael Shawn Stewart. The Motion argues that Sewall and Stewart are collaterally estopped from re-litigating their liability in the civil case in light of their criminal convictions. The SEC contends that the same material facts exist in both the civil and criminal case, and both individuals have already been convicted under the stricter, criminal standard. The SEC’s Motion is available to read here.
