Garrett W. Moretz

The U.S. Securities and Exchange Commission obtained a final judgment against Garrett W. Moretz for fraudulently selling high-risk debt securities known as L Bonds, deceiving multiple retail investors with repeated misrepresentations regarding guaranteed returns. The consent decree permanently enjoins Moretz from violating securities laws, orders him to pay $4,374.91 in disgorgement and a $35,000 civil penalty, and bars him from acting as or associating with a broker or investment adviser for one year. The SEC's action highlights the importance of accurate disclosure in the sale of high-risk debt securities, emphasizing compliance considerations for registered representatives and investment advisers to avoid making fraudulent misrepresentations. This case serves as a reminder for industry professionals to prioritize transparency and adherence to securities laws.