Company Suing 1 Global Capital LLC for Trademark Infringement
Global, a Dallas-based wealth management partner to CPA firms,
recently brought suit against Florida-based 1 Global Capital LLC for the
unauthorized use of its company name and logos in marketing itself and
operating under the names 1st Global Capital LLC and 1st
Global Capital Financial Services in violation of federal law. 1 Global
Capital purported to be, among other things, a firm specializing in
offering merchant cash advances to borrowers unable to obtain more
After the filing of 1st Global’s suit on July 27, 2018, 1 Global Capital
LLC filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy
Court for the Southern District of Florida. On Aug. 23, 2018, the U.S.
Securities and Exchange Commission brought suit against 1 Global Capital
LLC, its former CEO Carl Ruderman, and other related entities for an
alleged scheme to defraud over 3,400 1 Global Capital LLC customers.
According to the SEC’s suit, 1 Global Capital LLC engaged a network of
barred brokers and registered and unregistered investment advisers to
offer and sell over $280 million in unregistered securities to investors
in as many as 25 states nationwide.
As news of the SEC’s action against 1 Global Capital LLC spread, 1st
Global proactively worked with news outlets such as Investment
News and the Kansas
City Star to make a distinction between the two. For more than 25
years, the Texas-based 1st Global has partnered with CPA firms to offer
the highest level of wealth management services to clients.
Unfortunately, many internet postings and numerous solicitations by law
firms have incorrectly referred to 1 Global Capital LLC as “1st Global”
– creating more confusion.
“We want to make sure everyone understands we are in no way affiliated
with 1st Global Capital LLC, 1 Global Capital LLC or 1st Global Capital
Financial Services and they have nothing do with our company,” David
Knoch, president of 1st Global. “1st Global has requested and continues
to request that all media outlets and other communications about this
unfortunate situation accurately identify those involved.”
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.
The company has no connection in any way to 1 Global Capital LLC, 1st
Global Capital Financial Services LLC, 1 West Capital, or Carl Ruderman.
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.
Ryan George, 214-294-5430