Carmen Dean Morrone, a Realta Equities broker, is the subject of multiple customer dispute disclosures reported on his FINRA BrokerCheck profile.

According to FINRA BrokerCheck, Morrone is currently registered with Realta Equities, Inc. His BrokerCheck report lists 4 customer dispute disclosures, including 3 pending customer disputes and 1 final or denied customer dispute. (FINRA BrokerCheck: https://brokercheck.finra.org/individual/summary/1898874)

Morrone has been registered with Realta Equities, Inc. since May 2022. His BrokerCheck report also lists prior registrations with B. Riley Wealth Management, National Securities Corporation, Muriel Siebert & Co., Investacorp, Prime Capital Services, Oppenheimer & Co., NYLife Securities, Ameriprise Advisor Services, Wachovia Securities, Royal Alliance Associates, CIBC World Markets Corp., Janney Montgomery Scott, Dime Securities of NY, and Essex National Securities. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_1898874.pdf)

Pending Customer Disputes Reported by FINRA

FINRA BrokerCheck reports a pending customer dispute involving Realta Equities, Inc. in which the claimant alleges failure of due diligence and disclosure. The product type is listed as Other: DST. Alleged damages are listed as $237,816.53. The matter is reported as a FINRA arbitration, docket number 26-00210. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_1898874.pdf)

BrokerCheck also reports a pending customer dispute involving Realta Equities, Inc. in which claimants allege failure of due diligence and disclosure. The product type is listed as Other: DST. Alleged damages are listed as $1,000,000. The matter is reported as a FINRA arbitration, docket number 26-00078. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_1898874.pdf)

Another pending customer dispute involving Realta Equities, Inc. alleges failure of due diligence and disclosure. The product type is listed as Other: Alternative Investments. Alleged damages are listed as $561,303.24. The matter is reported as a FINRA arbitration, docket number 26-00068. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_1898874.pdf)

Prior Denied Customer Dispute Reported by FINRA

FINRA BrokerCheck also reports a prior customer dispute involving CIBC World Markets Corp. The allegations involved an unsuitable variable annuity. The alleged damages were listed as $43,000 by the firm reporting source and $22,000 by the broker reporting source. The complaint was denied. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_1898874.pdf)

Important Note for Investors

The allegations reported in FINRA BrokerCheck are allegations only. Pending customer disputes have not been proven, and denied matters may be closed without any finding of wrongdoing.

However, investors who suffered losses in DSTs, Delaware Statutory Trust investments, alternative investments, or other private real estate-related products recommended through Realta Equities or a related financial professional may wish to review their account records and speak with an investment loss recovery attorney.

Sonn Law Group represents investors in claims involving unsuitable investments, DST losses, alternative investment losses, private placement losses, broker misconduct, and failure-to-supervise claims.

Investors who suffered losses in DSTs or alternative investments may contact Sonn Law Group to discuss potential recovery options.