Haselkorn & Thibaut has initiated an investigation into Carmen Morrone, a financial advisor registered with Realta Equities, also known as Blue Ocean Private Wealth in Wantagh, New York. If you are an investor concerned about your experiences or have questions about your investments, you are not alone—and you have options for advice and recovery.
Overview: Who Is Carmen Morrone?
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Carmen Morrone, CRD# 1898874, has served as a financial advisor for nearly three decades, operating out of Wantagh, New York. Currently, he is registered as a broker with Realta Equities, doing business as Blue Ocean Private Wealth. His extensive career includes past roles at reputable firms such as B. Riley Wealth Management, National Securities Corporation, Muriel Siebert & Company, Investacorp, Prime Capital Services, Oppenheimer & Company, and others.
Morrone holds the following securities licenses:
- Securities Industry Essentials Examination (SIE)
- General Securities Representative Examination (Series 7)
- Investment Company Products/Variable Contracts Representative Examination (Series 6)
- Uniform Securities Agent State Law Examination (Series 63)
Carmen Morrone is licensed to practice in a wide range of states: Arizona, California, Delaware, the District of Columbia, Florida, Georgia, Hawaii, Maryland, New Jersey, New York, North Carolina, Pennsylvania, Texas, Utah, Vermont, and Virginia.
Known Complaints Against Carmen Morrone
Investors should be aware that Carmen Morrone currently faces several pending investor complaints, primarily related to alleged failures in due diligence and disclosure around alternative investments and Delaware Statutory Trust (DST) products. Here is a breakdown of the reported complaints:
| Date | Allegation Type | Product/Issue | Claimed Damages | Status |
|---|---|---|---|---|
| January 2026 | Inadequate due diligence and inadequate disclosures | Delaware Statutory Trust (DST) | $1,000,000 | Pending |
| January 2026 | Inadequate due diligence and inadequate disclosures | Alternative Investments | $561,303.24 | Pending |
| 2003 | Unsuitable investment recommendation | Variable Annuity | $22,000 | Denied |
- Most Recent Complaints (2026): Two complaints in January 2026 allege Morrone failed to provide adequate due diligence and disclosures on alternative and DST investments, with combined claims of over $1.5 million. These complaints are still pending.
- Historical Complaint (2003): An earlier client accused Morrone of recommending an unsuitable variable annuity product, which was denied by the firm after review.
Regulatory Actions and Professional Standing
A recent review of FINRA BrokerCheck and related regulatory records reveals:
- No regulatory or disciplinary actions have been filed against Carmen Morrone by FINRA, the SEC, or state regulators as of February 2026.
- There are no recorded criminal disclosures, bankruptcies, liens, or judgments involving this advisor.
- No press coverage or media reports indicate any regulatory investigations or class-action lawsuits directly involving Morrone.
Despite a lengthy background, pending complaints—especially those involving significant losses and allegations of inadequate due diligence—are important red flags for investors to consider.
What Should Investors Look for in Financial Advisor Complaints?
It’s critical for investors to understand the nature of the complaints filed against their financial professionals. Red flags include:
- Multiple serious investor complaints in a short time period
- Allegations involving lack of due diligence or inadequate disclosures
- High-dollar claims (claims in the hundreds of thousands or millions indicate potentially significant investor harm)
- Products involved: Alternative investments and DSTs can be complex and may not be suitable for all investors. Inadequate risk disclosure can greatly increase an investor’s loss potential.
Pending complaints do not always lead to a finding of wrongdoing. However, they are a strong signal for investors to look deeper into their portfolios and communications to ensure all investments were suitable and properly explained.
The Importance of Due Diligence and Full Disclosure
Securities industry rules require financial advisors to perform thorough due diligence before recommending complex products, and to make accurate, understandable risk disclosures tailored to each client’s situation and objectives.
- If you were not fully informed about an investment’s risks, or if a product was recommended that didn’t fit your goals or risk tolerance, you may have grounds for a claim.
- Experienced investment fraud attorneys can help you understand if your situation meets the thresholds for recovery, and explain your next steps clearly and confidentially.
What Should You Do If You Have Concerns?
If you worked with Carmen Morrone at Realta Equities (Blue Ocean Private Wealth) and suffered investment losses, you are entitled to answers. Haselkorn & Thibaut, a national investment fraud law firm with a 98% success rate and millions recovered for clients, is offering free consultations to concerned investors.
Your next steps could make a difference—both to your financial recovery and your peace of mind:
- Contact Haselkorn & Thibaut at 1-888-885-7162 for a free and confidential consultation.
- Review your investment portfolio and related communications for any products or situations similar to those cited in the pending complaints.
- Monitor your advisor’s regulatory record—you can set alerts on FINRA BrokerCheck for updates.
Remember: There is no cost to you unless Haselkorn & Thibaut recovers funds on your behalf (“no recovery, no fee”).
Why Choose Haselkorn & Thibaut?
- Nationwide investment fraud law firm
- Over 50 years’ collective experience
- 98% success rate handling investor complaints and arbitration claims
- Millions recovered for clients across the United States
Your financial security matters. Take action today—call Haselkorn & Thibaut at 1-888-885-7162 for your free case evaluation.
