SEC Obtains Final Consent Judgment Against Ian G. Bell

The Securities and Exchange Commission (SEC) has secured a final consent judgment against Ian G. Bell in its civil enforcement action, Case No. 24-cv-03403, filed in the U.S. District Court for the District of Colorado. The judgment resolves charges that Bell defrauded at least 29 investors out of more than $1.3 million between July 2020 and March 2023 by misrepresenting his trading performance and misappropriating investor funds for personal use. Bell consented to the judgment without admitting or denying the allegations.

This final judgment permanently enjoins Bell from violating key securities laws, including Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. He is also barred from participating in the issuance, purchase, offer, or sale of any securities, except for his own personal account. Bell is ordered to pay disgorgement of $339,848.84 plus prejudgment interest, which will be satisfied by a forfeiture order from a parallel criminal case. This action serves as a reminder to regulated entities and investors about the severe consequences of fraudulent trading schemes and misrepresentation.