DALLAS--(BUSINESS WIRE)--1st Global, a Dallas-based wealth management partner to enterprise CPA firms, has settled a federal lawsuit against Florida-based 1 Global Capital LLC for the unauthorized use of 1st Global’s company name and logos and operating under the names 1st Global Capital LLC and 1st Global Capital Financial Services. 1 Global Capital purported to be, among other things, a firm specializing in offering merchant cash advances to borrowers unable to obtain more traditional bank-financing.
On July 27, 2018, shortly after 1st Global filed suit, 1 Global Capital filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Florida. The U.S. Securities and Exchange Commission has also separately brought suit against 1 Global Capital for the sale of unregistered securities. Both the bankruptcy and SEC proceedings remain pending.
1st Global’s settlement with 1 Global Capital requires 1 Global Capital to, among other things, cease use of the 1st Global Capital and 1st Global Capital Financial Services names, undergo a complete re-branding, and provide notice on its website and through other means that it is in no way affiliated with 1st Global. In the meantime, 1st Global continues to work with news outlets and digital publications covering the SEC case proceedings to make clear that Texas-based 1st Global remains committed to offering the highest level of wealth management services to its clients and has no affiliation with 1 Global Capital.
1st Global Capital Corp. and 1st Global Advisors, Inc. are Delaware corporations incorporated in 1992, headquartered in Texas. As a wealth management partner to more than 300 CPA firms and 800 professionals throughout the United States, we are licensed to sell investments and provide advisory services.
Regulatory filings and information about 1st Global Capital Corp. can be found at brokercheck.finra.org. Regulatory filings and information for 1st Global Advisors, Inc. can be found at www.adviserinfo.sec.gov.
About 1st Global
1st Global was founded in 1992 by CPAs who believe that accounting, tax and estate planning firms are uniquely qualified to provide comprehensive wealth management services to their clients. 1st Global is a research and consulting partner that provides CPA, tax and estate planning firms with education, technology, business-building framework and client solutions that make these firms leaders in their professions through dedicated professional client relationships built around wealth management. Around 400 firms have chosen to affiliate with 1st Global, making it one of the largest financial services partners for the tax, accounting and legal professions.
Securities are offered through 1st Global Capital Corp. which is a member of FINRA and SIPC and is headquartered at 12750 Merit Dr., Ste. 1200 in Dallas, Texas, 214-294-5000. Investment advisory services are offered through 1st Global Advisors, Inc. Additional information about 1st Global is available at www.1stGlobal.com.
