Murray, UT – December 16, 2024 – Raymond (Ray) DeWitt Jr (CRD# 2894063), a registered representative with Realta Equities, Inc., is facing a pending customer complaint alleging failure to conduct reasonable due diligence, violations of federal and state securities laws, breach of fiduciary duty, and negligence involving direct investment products. The complaint was filed in FINRA arbitration in October 2025 and remains pending. This post provides public information from FINRA BrokerCheck records and explains investor recovery options for those who may have experienced similar issues.
BrokerCheck Snapshot
Name: Raymond Cripps De Witt Jr
CRD #: 2894063
Firm: Realta Equities, Inc.
Location: Murray, UT
Years in Industry: 28
Number of Disclosures: 2
Customer Complaint Against Raymond De Witt Jr
According to FINRA BrokerCheck records, a customer complaint was filed against Raymond De Witt Jr on October 29, 2025. The complaint alleges multiple violations related to direct participation program (DPP) and limited partnership interests while De Witt was associated with Concorde Investment Services, LLC.
Date Filed: October 29, 2025
Date Received: November 4, 2025
Allegations: Failure to conduct reasonable due diligence, violations of federal securities law, violation of Utah Securities Act, violation of California Securities Act, breach of contract, breach of fiduciary duty, and negligence
Product Type: Direct Investment – DPP & LP Interests
Alleged Damages: Amount to be determined by arbitration panel
Status: Pending
Forum: FINRA Arbitration
Docket/Case #: 25-02361
Firm at Time of Alleged Misconduct: Concorde Investment Services, LLC
The complaint involves serious allegations regarding De Witt’s conduct in recommending direct participation programs and limited partnership interests. Direct investments of this nature often involve complex risk factors, illiquidity, and sophisticated due diligence requirements that brokers must fulfill before recommending such products to clients.
Pattern of Complaints / Risk Factors
While each case is unique, complaints involving failure to conduct reasonable due diligence on direct participation programs may indicate concerns related to unsuitable investment recommendations, inadequate risk disclosures, or a failure to understand complex investment products before recommending them to clients. Investors who were recommended DPPs, limited partnerships, or other alternative investments should carefully review account statements and seek legal guidance if similar issues occurred.
Can Investors Recover Losses?
Investors who were recommended unsuitable or high-risk investments may be entitled to recover losses through FINRA arbitration. When brokers fail to conduct adequate due diligence on complex investment products or recommend investments that do not match a client’s risk tolerance and investment objectives, they may be held liable for resulting losses.
Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident, making it important for investors who experienced losses to act promptly to protect their rights.
Related Brokers and Firms
If you worked with Raymond De Witt Jr at Concorde Investment Services, LLC, Realta Equities, Inc., or any of his previous firms, you may want to review information about other advisors at these firms. Our firm has extensive experience handling cases involving unsuitable investments, direct participation programs, limited partnerships, and breach of fiduciary duty.
De Witt has worked at numerous brokerage firms throughout his career, including Ameriprise Financial Services, U.S. Bancorp Investments, Sigma Financial Corporation, and others. Investors who worked with him at any of these firms should carefully review their investment history if they experienced unexpected losses in alternative investments or complex products.
Frequently Asked Questions
What is the complaint against Raymond De Witt Jr?
Raymond De Witt Jr is facing a pending customer complaint filed in FINRA arbitration in October 2025. The complaint alleges failure to conduct reasonable due diligence, violations of federal securities law, violation of Utah Securities Act, violation of California Securities Act, breach of contract, breach of fiduciary duty, and negligence involving direct investment products including DPPs and limited partnerships. The case remains pending with damages to be determined by the arbitration panel.
Can investors recover losses involving Concorde Investment Services or Realta Equities?
Yes. Investors who suffered losses due to unsuitable investment recommendations, inadequate due diligence, or breach of fiduciary duty at Concorde Investment Services, Realta Equities, or any other firm may be entitled to recover damages through FINRA arbitration. Securities laws require brokers to conduct reasonable due diligence on investment products and to make suitable recommendations based on each client’s financial situation and objectives.
What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum specifically designed for securities-related claims between investors and brokers or brokerage firms. It provides a binding decision from a panel of arbitrators and is generally faster and less expensive than court litigation. Most investor agreements with brokerage firms include mandatory arbitration clauses requiring disputes to be resolved through this process.
What does “unsuitable investment” mean?
An unsuitable investment is one that does not match an investor’s financial situation, investment objectives, risk tolerance, time horizon, or liquidity needs. FINRA rules require brokers to have a reasonable basis to believe that a recommended investment is suitable for the customer. This is particularly important for complex products like direct participation programs and limited partnerships, which often carry high risks and illiquidity.
How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org and search by the broker’s name or CRD number. BrokerCheck provides detailed information about a broker’s employment history, qualifications, and any disclosure events, including customer complaints, regulatory actions, and criminal matters. This free service allows investors to research brokers before deciding to work with them.
What should I do if I suspect broker misconduct?
First, gather and preserve all account statements, correspondence, and documentation related to your investments. File a complaint with your brokerage firm and consider filing a complaint with FINRA or your state securities regulator. Contact an experienced securities attorney to discuss your options for recovering losses through FINRA arbitration or other legal remedies. Time limits apply to securities claims, so prompt action is important.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law, P.C. for a Free Consultation
If you suffered investment losses while working with Raymond De Witt Jr or any other broker at Concorde Investment Services, Realta Equities, or related firms, you may be entitled to recover your damages through FINRA arbitration. Our experienced securities attorneys can review your case at no cost and with no obligation.
Call today: 800-950-6553
Email: info@patillaw.com
Website: investmentlosslawyer.com
Don’t wait—securities claims have time limitations. Contact us today to protect your rights and explore your options for investment loss recovery.
*The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.*
