Haselkorn & Thibaut has launched an investigation into Ray DeWitt (CRD# 2894063), a financial advisor registered with Realta Equities in Murray, Utah. Investors who have worked with Mr. DeWitt or have concerns about their accounts may benefit from learning about his professional history, regulatory background, and recent investor complaint. If you believe your investments may have been impacted, you can contact Haselkorn & Thibaut for a free and confidential consultation at 1-888-885-7162.
Who is Ray DeWitt? Murray, Utah Financial Advisor Profile
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Ray DeWitt is a veteran of the securities industry, with 26 years of experience. He is currently registered as a broker with Realta Equities and acts as an investment advisor with both Realta Equities and Transce3nd, where he does business as 1031 DST Group. Mr. DeWitt is based in Murray, Utah.
Throughout his career, Mr. DeWitt has been associated with several broker-dealers and investment advisory firms, including:
- Bangerter Financial Services
- Concorde Investment Services
- Concorde Asset Management
- SPC
- Sigma Financial Corporation
- US Bancorp Investments
- Ameriprise Financial Services
- Waddell & Reed
- The ON Equity Sales Company
- AG Edwards & Sons
- Investors Capital Corporation
- Raymond James Financial Services
- Locust Street Securities
- Pacific Harbor Securities
- WMA Securities
He holds 30 state licenses and has completed multiple securities industry examinations, such as the SIE, Series 65, Series 63, Series 7, Series 6, and Series 26.
Ray DeWitt’s Complaint and Regulatory Disclosures
Financial Industry Regulatory Authority (FINRA BrokerCheck) records currently show the following:
| Date Filed | Forum | Allegation Summary | Current Status |
|---|---|---|---|
| October 2025 | FINRA/Customer Complaint |
Alleged as a representative of Concorde Investment Services |
Pending |
Currently, Mr. DeWitt has one investor complaint disclosed in his official record. This complaint, filed in October 2025, alleges significant regulatory breaches including failure to conduct adequate due diligence and breach of fiduciary duty. The damages sought in the case are unspecified and the matter is pending.
Understanding Fiduciary Standards and Investor Protections
As an investment advisor, Ray DeWitt is held to the fiduciary standard. This means he is required to act in the best interest of his clients—placing their interests above his own, fully disclosing any conflicts of interest, and operating with loyalty and good faith. This fiduciary responsibility goes beyond the “suitability” standard (which applies to brokers) and is meant to build client trust.
When an advisor is alleged to have violated this standard, it raises important questions about investor protection and transparency. Regulatory bodies like FINRA and the SEC closely monitor such activities. In the event of proven violations, an advisor can be required to compensate investors or may face professional discipline and loss of license to operate.
Potential Red Flags for Investors
While no final findings of wrongdoing have been established in Mr. DeWitt’s current complaint, investors should always remain vigilant when certain red flags appear in an advisor’s record:
- Recent or multiple customer complaints, even if claims are pending
- Allegations involving breach of fiduciary duty, negligence, or failure to conduct due diligence
- History of employment with multiple firms in a relatively short time period
- Any disciplinary actions from regulatory agencies such as FINRA or the SEC
These indicators may warrant a closer review of your investment accounts and transactions involving the advisor. Investors always have the right to ask questions and seek independent review of their accounts.
How to Research a Financial Advisor’s Background
For those seeking greater transparency or who wish to verify information about their broker or investment advisor, several tools are at your disposal:
- FINRA BrokerCheck – Search by name or CRD# for full regulatory, complaint, and disclosure history
- SEC’s EDGAR – Review company filings for advisory firms
- Federal and state court systems – Check for lawsuit history
If you encounter unfamiliar terms or need help interpreting public records, consider consulting with an attorney specializing in investment-related cases.
Why Contact Haselkorn & Thibaut?
Haselkorn & Thibaut is a national securities fraud law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients. With a focus on investor advocacy, they offer:
- Free, confidential consultations
- No recovery, no fee–you pay nothing unless your case is successful
- Personalized guidance on reviewing your accounts and identifying losses
- Assistance in filing FINRA arbitration or other claims, if needed
If you have concerns regarding Ray DeWitt of Realta Equities, or believe you may have suffered losses, do not hesitate to reach out. Call Haselkorn & Thibaut at 1-888-885-7162 for your free case review today.
Key Takeaways:
- Ray DeWitt (CRD# 2894063) of Realta Equities faces a pending investor complaint alleging securities law violations and breach of fiduciary duty.
- Haselkorn & Thibaut has opened an investigation and offers free consultations to impacted investors.
- Investors should always remain proactive in monitoring their financial advisors and consider professional assistance if concerns arise.
Taking timely action can be the difference between recovery and unresolved losses. For support, call Haselkorn & Thibaut at 1-888-885-7162 today.
