GARRETT MORETZ Sold GWG L-Bonds – May Recover Investor Losses
LIFEMARK SECURITIES CORP. investment adviser, GARRETT MORETZ sold GWG L-Bonds.
Goodman & Nekvasil, P.A. is representing clients who purchased GWG Holdings from MORETZ.
CRD#: 4086791
GARRETT WAYNE MORETZ (CRD#: 4086791), a broker for LIFEMARK SECURITIES CORP. in Mooresville, NC, has investor complaints involving the sale of GWG Holdings. According to Moretz’ FINRA BrokerCheck report, the most recent complainant allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. Investments were purchased from 09/2017. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. Additionally, client claims the representative failed to notify Claimant that an illiquid REIT he owned became public, causing losses when the price declined. As a result, allegations include breach of fiduciary duty, negligence, breach of contract, and misrepresentation.
SEC Charges Moretz with Fraud Related to Sale of GWG L Bonds
The SEC’s complaint alleges that Defendant Moretz misrepresented L Bonds to investors as “guaranteed” from at least September 2019 until about August 2020.
Garrett Moretz Sold GWG L-Bonds. Goodman & Nekvasil, P.A. is representing investors.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 7/10/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.