UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
October 31, 2011
UNITED STATES SECURITIES AND EXCHANGE COMMISSION, PLAINTIFF,
STEVEN BREWER, ADAM ERICKSON, BREWER INVESTMENT GROUP, LLC , BREWER FINANCIAL SERVICES, LLC, AND BREWER INVESTMENT ADVISORS, LLC, DEFENDANTS.
The opinion of the court was delivered by: Hon. Blanche M. Manning
Magistrate Judge Arlander Keys
SECURITIES AND EXCHANGE COMMISSION'S MOTION FOR ENTRY OF PERMANENT INJUNCTION AGAINST STEVEN BREWER AND ADAM ERICKSON AND MOTION TO SET BRIEFING SCHEDULE ON MONETARY SANCTIONS
Plaintiff, Securities and Exchange Commission, hereby files its Motion for Entry of Permanent Injunction Against Defendants Steven Brewer and Adams Erickson along with its Motion to Set a Briefing Schedule on Monetary Penalties Against those Defendants.
MOTION FOR ENTRY OF PERMANENT INJUNCTION
Defendants Steven Brewer and Adam Erickson have each consented to entry of a permanent injunction against them. See Consent of Steven Brewer attached as Exhibit A; Consent of Adam Erickson attached as Exhibit C. The order to which Defendant Brewer has consented is attached as Exhibit B. The order to which Defendant Erickson has consented is attached as Exhibit D.
Both Defendant Brewer and Defendant Erickson have consented to be ordered to pay disgorgement and penalty, but have not consented to pay any specific amount. See Exhibit A and C. Both Defendants and the Commission have agreed to ask the Court to set the amount of disgorgement and penalty after briefing by the parties. Id.
MOTION TO SET A BRIEFING SCHEDULE ON MONETARY SANCTIONS
Both Defendant Brewer and Defendant Erickson have agreed to the entry of monetary sanctions -- disgorgement and penalties -- against them. See Exhibit A and C. Both Defendants and the Commission have agreed to ask the Court to set the amount of the monetary sanctions after briefing by the parties. Id. In addition, the Commission understands that Defendants have agreed that the briefing should be simultaneous rather than serial.
The Commission respectfully requests that the Court:
1) enter permanent injunctions, in the form attached as Exhibits B and D, against Defendant Brewer and Defendant Erickson; and
2) set a briefing schedule on monetary sanctions against Defendant Brewer and Defendant Erickson.
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