April 30, 2022
The SEC alleges that Eric A. Alexander and Scott A. Merkelson participated in a fraudulent scheme on retail investors when employed at 1 Global Capital, LLC by manipulating the management fee to raise or lower investors’ monthly rates of return. In addition, they signed monthly statements that contained this false information. Without admitting or denying the allegations, they each consented to a permanent injunction, a $100,000 civil penalty, and a bar.
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