SEC v. Bryan Lee Addington (2018)

Judgment entered

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In December 2018 an SEC administrative law judge, by default, barred Bryan Lee Addington from the securities industry and from penny stock offerings, as a follow-on to his conviction for mail fraud in Louisiana; he had been sentenced to 159 months and ordered to pay over $5.3 million in restitution.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	3-18545
Date filed	2018-12-20
Date resolved	2018-12-20
Court	SEC administrative law judge
Status	judgment
Asset class	bonds, equities
Criminal parallel	Yes: sentenced (Addington), U.S. District Court, Middle District of Louisiana, 2017-11-09
Bars imposed	penny stock bar, registration bar
Defendants	Bryan Lee Addington (individual)
Cited as charged or alleged	18 U.S.C. 1341 (mail fraud) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The initial decision of December 20, 2018 (Administrative Proceeding 3-18545) finds that from 2010 to 2016 Addington, an unregistered adviser, told clients their money would go into annuities, film tax credits, insurance and stocks, but used it himself and for some payments to other investors, causing over $5.3 million of losses. The decision orders bars and no money.

The Ponzi tag is removed because the decision describes misappropriation of client money, with payments to other investors a passing detail.

Timeline

2018-12-20 Initial decision

Primary documents

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The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.