Call Center Manager Who Faked Brokerage Ties Settles SEC Suit

A stock call center manager who falsely told potential investors his operation was linked to legitimate brokerages reached a settlement with the SEC, according to Thursday filings in New York federal district court.

Garrett O’Rourke agreed to an injunction, disgorgement, and a permanent penny stock bar to end Securities and Exchange Commission allegations he lied to potential investors about brokerage ties and his commissions on any investments. He also pleaded guilty in a parallel criminal proceeding, the SEC said in the U.S. District Court for the Eastern District of New York.

The proposed settlement is subject to court approval and ...