On February 23, 2026, the U.S. District Court for the District of Colorado entered a final consent judgment as to Ian G. Bell in the SEC’s civil enforcement action that charged Bell in connection with an alleged fraudulent day-trading scheme.

According to the SEC’s complaint, Bell, between July 2020 and March 2023, fraudulently raised more than $1.3 million from at least 29 investors by lying to investors about his trading performance, including by sending fabricated account performance screenshots. The complaint further alleged that Bell lost or squandered nearly all of the investors’ money, misappropriated investor money for his personal use, and, to conceal his fraud, lied about his plans and ability to repay investors.

Without admitting or denying the allegations, Bell consented to entry of the final judgment that permanently enjoins him from violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, permanently enjoins him from participating in the issuance, purchase, offer, or sale of any securities except for his own personal account. He will also have to pay disgorgement of $339,848.84, plus prejudgment interest thereon in the amount of $98,570.64, with these amounts deemed satisfied by the forfeiture order entered in the parallel criminal case.