SEC Wells Notice And Client Disputes Involving Garrett Moretz

Soreide Law Group is currently investigating potential claims on behalf of investors who have sustained losses attributed to broker and financial advisor, Garrett Wayne Moretz [CRD: 4086791, Mooresville, North Carolina]. Moretz joined Lifemark Securities Corp. on May 31, 2017. His previous associations include First Heartland Consultants Inc., from January 2010 until May 2017, and First Heartland Capital Inc., from December 2009 to May 2017, both located in Mooresville, NC. Moretz is currently under investigation following a Wells Notice issued by the SEC. Public disclosures also show client allegations of Moretz recommending unsuitable investments.

SEC Wells Notice Issued To Moretz

Garrett Moretz is the subject of a formal investigation initiated by the United States Securities and Exchange Commission (SEC). A notice dated May 1, 2023, indicates that the SEC issued a Wells Notice to Moretz, alleging violations of specific federal securities laws including Section 10(b) of the Securities Exchange Act and Rule 10b-5. The investigation is currently pending. Moretz has stated his cooperation with the investigation but denies any wrongdoing.

Lifemark Securities Corp. Client Alleges Unsuitable Recommendation By Garrett Moretz

A client of Lifemark Securities Corp. raised allegations against Garrett Moretz through FINRA Arbitration: 22-02386. The client alleged that between January 2018 and October 2020, Moretz recommended an unsuitable investment in an alternative product. The investment turned sour when the issuing company filed for Chapter 11 bankruptcy. The client claims that the investment recommendations were based on insufficient due diligence and included material misrepresentations and omissions. Lifemark Securities Corp. reached a settlement for this case on September 26, 2023, agreeing to pay $119,750. Moretz, according to his statement, contends that the investment matched the clients' risk profiles and investment strategies and that all risks were fully disclosed.

Moretz Disclosed Breach Of Fiduciary Duty Allegations By Lifemark Securities Corp. Client

Evidently, a client of Lifemark Securities Corp. filed FINRA Arbitration: 22-01575. Supposedly, Moretz recommended an improper investment between February 2020 and January 2021. The product, a corporate debt security, led to the clients filing a complaint after the issuing company entered Chapter 11 bankruptcy. Notably, the allegations include a breach of fiduciary duty and various FINRA rule violations. A settlement was reached on July 19, 2023, for $100,000. However, Moretz stated that he made suitable recommendations.

Seek Legal Guidance From Soreide Law Group For Damages Due To Garrett Moretz

Did you experience losses because of Garrett Moretz? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Moretz and brokerage firm Lifemark Securities Corp. deny accusations of sales practice violations.