Realta Equities, Inc. Broker Carmen Morrone Facing Three FINRA Customer Disputes

• February 16, 2026
• Realta Equities

Broker’s Background

 

Carmen Dean Morrone (CRD #: 1898874) is registered with Realta Equities, Inc. Camren Morrone is located in Wantagh, NY. Morrone’s past employers include B. Riley Wealth Management, National Securities Corporation, Muriel Siebert & Co., Inc., Investacorp, Inc., Prime Capital Services, Inc., Oppenheimer & Co., Inc., NYLife Securities LLC, Ameriprise Advisor Services, Inc., Wachovia Securities, LLC, Royal Alliance Associates, Inc., Allmerica Investments, Inc., CIBC World Markets Corp., Janney Montgomery Scott LLC, Royal Alliance Associates, Inc., Dime Securities of NY, Inc. and Essex National Securities, Inc.

 

Current and Past Allegations of Conduct Leading to Investment Loss

 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in January 2026, Carmen Dean Morrone became the subject of a customer dispute alleging, “failure of due diligence and disclosure.” The damage amount requested is $237,816.53.

In addition, Carmen Dean Morrone has been the subject of two other FINRA disclosures.

 

January 17^th 2026 “claimants allege failure of due diligence and disclosure”. The damage amount requested is $1,000,000.00

 

January 13^th 2026 “claimants allege failure of due diligence and disclosure”. The damage amount requested is $561,303.24.

 

In addition, Carmen Dean Morrone has been the subject of one past FINRA disclosure, which was denied.

For a copy of Carmen Dean Morrone’s FINRA Broker Check, click here

 

We Help Investors Recover Investment Losses

 

FINRA Notice to Members 10-22 provides specific requirements that brokerages and financial professionals must undertake when conducting due diligence on privately held securities before recommending them to investors.  Moreover, the FINRA suitability rule requires that brokerages and financial professionals make both reasonable basis and customer specific suitability determinations prior to recommending securities to customers.  These due diligence obligations are absolute but are often overlooked by brokerage firms because they don’t have the resources or infrastructure to effectively conduct due diligence.  It is often passed along to third-parties, who fail to meet the exacting standards of FINRA Notice to Members 10-22.

 

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Reasonable basis suitability requires that a recommended investment or investment strategy be suitable or appropriate for at least some investors. Reasonable basis suitability requires an advisor to conduct adequate due diligence so that he or she can determine the risks and rewards of the investment or investment strategy.

 

Quantitative suitability requires a brokerage firm or financial advisor with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions – even if suitable when viewed in isolation – is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile. No single test defines excessive activity, but factors such as the turnover rate, the cost-equity ratio, and the use of in-and-out trading in a customer’s account may provide a basis for a finding that a member or associated person has violated the quantitative suitability obligation.

 

Customer-specific suitability requires that a member or associated person have a reasonable basis to believe that the recommendation is suitable for a particular customer based on that customer’s investment profile. Among the criteria that a financial advisor must evaluate to satisfy his or her customer-specific suitability obligations include the investor’s age, tax status, time horizon, liquidity needs, and risk tolerance; a client’s other investments, financial situation and needs, investment objectives, and any other information disclosed by the customer should also be considered.

 

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies, and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (855) 289-7868 or by email at mwolper@wolperlawfirm.com.