John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker Garrett Wayne Moretz [CRD: 4086791, Mooresville, North Carolina]. Moretz joined LifeMark Securities Corp. on May 31, 2017. Investors and SEC have raised concerns regarding Moretz’s conduct, leading to allegations of misrepresentation, unsuitable recommendations, and negligence. Continue reading to learn more about the disclosures.
On July 29, 2024, the United States Securities and Exchange Commission (SEC) initiated an enforcement action [Case No. 5:24-cv-00171] against Garrett Moretz, alleging he misrepresented high-risk debt securities known as L Bonds to retail investors. The SEC claimed that Moretz falsely marketed the L Bonds as "guaranteed" between September 2019 and August 2020, despite knowing they were not guaranteed. Supposedly, he violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934, along with Rule 10b-5. This case remains pending.
On April 29, 2024, a client of LifeMark Securities Corp. filed FINRA Arbitration No. 24-00901, accusing Garrett Moretz of breach of fiduciary duty, negligence, breach of contract, and misrepresentation. The allegations pertained to the sale of an alternative investment. Additionally, the issuing company filed for Chapter 11 bankruptcy. The client is seeking $50,000 in damages from LifeMark Securities Corp. or Moretz. This matter is currently pending resolution.
On July 19, 2023, a client filed FINRA Arbitration No. 22-01575, accusing Garrett Moretz of violating Regulation Best Interest, breaching his fiduciary duty, and violating FINRA rules. These allegations related to the sale of corporate bonds. So, the client asked for compensation for damages. LifeMark Securities Corp. settled the matter by paying $100,000 to the client.
On December 31, 2022, a client of LifeMark Securities Corp. filed FINRA Arbitration No. 22-02386, accusing Garrett Moretz of misrepresentation, unsuitable investment recommendations, and insufficient due diligence. These allegations involved corporate bonds sold between January 2018 and October 2020, which were impacted by the company’s Chapter 11 bankruptcy filing. The case was settled with LifeMark Securities Corp. paying $119,750 to the client.
For more information on Garrett Moretz’s disclosures, contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Moretz and the brokerage firms deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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