Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has initiated a formal investigation into Ben Carmona, a financial advisor based in San Juan Capistrano, California (CRD# 5120428), currently registered with Realta Equities (doing business as Perch Wealth). Our firm is reviewing investor concerns and available disclosures to determine whether potential violations of industry rules and regulations may have affected investor accounts. If you believe you may have sustained losses involving Ben Carmona or real estate investments recommended by him, we encourage you to reach out for a free, confidential consultation at 1-888-885-7162.
With our proven 98% success rate and over 95 years of combined securities law experience, our attorneys leverage their unique Wall Street defense backgrounds to aggressively pursue recovery for individual investors. We treat every case with the seriousness it deserves, operating on a strict “No Recovery, No Fee” basis.
Background on Ben Carmona and Professional Registrations
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Ben Carmona has maintained 19 years of experience in the securities industry. Based in San Juan Capistrano, California, he is currently registered as a broker with Realta Equities, operating as Perch Wealth, since March 2025. His industry tenure includes associations with several other notable firms:
- Emerson Equity (relevant to the current investor complaint)
- Arkadios Capital
- WealthForge Securities
- NexPoint Securities
- Cantor Fitzgerald & Company
- Realty Capital Securities
- Grubb & Ellis Securities
Mr. Carmona’s credentials reflect having passed four core industry examinations:
- Securities Industry Essentials Examination (SIE)
- Uniform Securities Agent State Law Examination (Series 63)
- General Securities Representative Examination (Series 7)
- General Securities Principal Examination (Series 24)
He holds active licenses in 30 states. For independent verification or additional details, investors are encouraged to visit FINRA BrokerCheck.
Summary Table: Ben Carmona (San Juan Capistrano, CA)
| Field | Value |
|---|---|
| Advisor Name | Ben Carmona |
| Advisor CRD | 5120428 |
| Current Broker-Dealer | Realta Equities / Perch Wealth |
| Past Broker-Dealer (Relevant to Claim) | Emerson Equity |
Investor Complaint: Allegations and Nature of Claims
According to current regulatory filings, Ben Carmona’s BrokerCheck report discloses one open investor complaint (filed March 2026). This six-figure claim, seeking $200,000 in alleged damages, centers on Carmona’s activities while registered with Emerson Equity. The customer alleges a range of misconduct concerning a real estate investment:
- Breach of contract
- Misrepresentation and omission of material facts
- Breach of fiduciary duty
- Violation of state and federal securities laws
- Negligence
- Violation of Regulation Best Interest (Reg BI)
The case is currently pending, with liability and damages yet to be determined.
Regulatory Overview: Understanding Regulation Best Interest (Reg BI)
Regulation Best Interest (Reg BI), codified under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934, requires advisors, including those affiliated with firms like Realta Equities and Perch Wealth, to act in the best interest of their retail customers when making recommendations. This means that when providing advice or recommending securities, the advisor and their firm must prioritize the customer’s interests and comply with applicable disclosure, care, conflict of interest, and compliance obligations.
Key aspects of Reg BI require brokers to:
- Exercise reasonable diligence, care, and skill when making recommendations
- Disclose all material facts about a recommendation, including risks and costs
- Identify and address conflicts of interest
- Maintain and enforce appropriate compliance and supervisory procedures
A failure in any of these obligations may give rise to liability if an investor suffered losses, particularly if those losses resulted from misrepresentations or undisclosed risks.
Current Regulatory and Legal History
Publicly available records, including FINRA BrokerCheck, reflect the following regarding Ben Carmona based on the information described above:
| Disclosure Category | Result |
|---|---|
| Customer Complaints | One investor complaint pending, filed in March 2026 |
| FINRA/State Regulatory Actions | None reported in the content provided |
| Civil Litigation/Arbitrations | None otherwise reported in the content provided |
| Bankruptcy Filings | None reported in the content provided |
| SEC Orders or Investigations | None reported in the content provided |
Important caveat: Disclosure databases may not always reflect the most recent developments, and some matters may be reported at the firm level rather than under an individual advisor’s record. Investors should review the most current FINRA BrokerCheck report and request any updated disclosures directly from the advisor or firm.
- Check FINRA BrokerCheck before making any investment decision
- Request a copy of Form U4 and any updated disclosures from the advisor
- Contact state securities regulators in jurisdictions where the advisor is licensed
Why We Investigate Advisors Like Ben Carmona
Our attorneys take action whenever credible investor complaints surface involving potential fiduciary breaches or regulatory violations. Recovering lost funds can require a deep understanding of financial products, industry rules, and the strategies firms use to defend claims. Our team draws on decades of securities law experience to pursue recovery for harmed investors Nationwide-investor-losses/”>Nationwide-investor-losses/”>Nationwide-investor-losses/”>Nationwide.
If you or someone you know suffered losses investing through Ben Carmona or Perch Wealth, especially in connection with real estate or alternative investments, contact our firm for a free, confidential consultation. We can help evaluate whether you may have grounds to pursue recovery for losses related to misrepresentation, negligence, unsuitable recommendations, or other regulatory violations.
Call 1-888-885-7162 now, or complete our confidential form to learn how our attorneys can fight for your recovery.
