SEC officials said in a news release that the agreement Alford made with them is not a statement of admission or guilt. The civil penalties Alford will be ordered to pay will be determined at a later date, officials said.
Alford’s recent legal troubles included two civil lawsuits filed by some of the former investors. He previously denied the allegations against him. Walter E. Jospin, an attorney representing Alford, declined comment Friday.
The Georgia Attorney General’s criminal case against Alford is still active, a spokeswoman for the office said Friday.