Raymond Cripps De Witt Jr (CRD #2894063) Has a Customer Dispute and Criminal Disclosure on FINRA BrokerCheck

Raymond Cripps De Witt Jr (CRD #2894063) is a broker with a customer dispute and criminal disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on January 28, 2026. It reflects one customer dispute and one criminal disclosure. If you invested with Raymond Cripps De Witt Jr and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Raymond Cripps De Witt Jr’s FINRA BrokerCheck report reflects one customer dispute disclosure. A summary of the dispute is below:

On October 29, 2025, a customer filed a FINRA arbitration (Case No. 25-02361). The customer alleged Raymond Cripps De Witt Jr failed to conduct reasonable due diligence. The filing asserts violations of federal securities law and Utah and California securities laws. Raymond Cripps De Witt Jr’s FINRA BrokerCheck report lists the product as Direct Investment – DPP & LP Interests. Concorde Investment Services, LLC employed him when the activity occurred. The matter remains pending. BrokerCheck says compensatory damages will be determined by the arbitration panel.

Criminal Charges

Raymond Cripps De Witt Jr’s FINRA BrokerCheck report reflects one criminal disclosure. A summary is below:

Raymond Cripps De Witt Jr’s FINRA BrokerCheck report states that on March 12, 1994, he was charged with one count of False I.D. (misdemeanor). The report lists the court details as Virgin River Hotel/Casino – Mesquite, Nevada Police Dept.. BrokerCheck shows the false ID charge was dismissed. It also lists a $425 fine for minor gambling. The status date is October 25, 1995.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation and a customer-specific suitability analysis. For direct participation programs and limited partnerships, investors often focus on whether the product’s risks and liquidity were evaluated before the recommendation.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain written supervisory procedures and a system to supervise associated persons. When a dispute involves due diligence or product vetting, investors may question whether firm supervision was reasonably designed to catch problems.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Raymond Cripps De Witt Jr:

Is currently registered with Realta Equities, Inc..

Is also registered as an investment adviser representative with TRANSCE3ND LLC.

Has passed the Securities Industry Essentials (SIE) exam. Raymond De Witt has passed Series 7 and Series 6. He has also passed Series 65, Series 63, and Series 26.

Was previously registered with firms that include Realta Investment Advisors, Inc., Bangerter Financial Services, Inc., and Concorde Asset Management, LLC.

Kurta Law Can Help

If you have worked with Raymond Cripps De Witt Jr and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Direct Participation Programs | Failure to Supervise

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.