Broker Charles Weldon Subject Of Multiple Claims Of Unsuitability

Charles Weldon (Charles Raymond Weldon, CRD# 1030659, aka “C. Raymond Weldon”) is a currently registered broker and investment advisor currently employed with Independent Financial Group, LLC (CRD# 7717) of Boca Raton, Fl, and as an investment advisor with Weldon & Company (CRD# 129099), also of Boca Raton. His previous employers include The Investment Center, Inc. (CRD# 17839), and Cetera Advisor Networks LLC (CRD# 13572), also of Boca Raton. He has been in the industry since 1984.

Weldon is the subject of seven disclosures, all customer disputes. Two claims are pending, and five have been settled. No disciplinary action has been recorded in his CRD.

The most recently filed dispute was filed on 3/10/2025, alleging unsuitable investment recommendations that led to losses. Additionally, the claimants allege that the broker dealer failed to adequately supervise the representative (Weldon.) The claimants are requesting damages of $500,000.01. In his rebuttal, Weldon claims that the accounts transferred from Cetera, and were not IFG accounts, and will be defended by the firm. This claim is currently pending.

The next dispute was filed on 2/18/2025. The entry simply states that the customers allege losses. No additional information is available, and this claim is also pending.

The dispute filed on 6/5/2024 alleged an unsuitable trade strategy. The customer requested damages of $100,000, and the claim was settled for $92,000. Weldon refuted the client’s claim and stated in his rebuttal that the firm settled to avoid the costs of litigation.

Filed on 7/19/2023, a customer alleged “breach of fiduciary duty, negligence, misrepresentation and failure to supervise.” The customer requested damages of $1,000,000, and the firm settled the claim for $45,000.

The next claim, filed on 3/14/2023, alleged that Weldon’s investment strategy “lost money.” The customer requested damages of $500,000, and the firm settled the claim for $64,000. In his rebuttal, Weldon stated that the firm settled the claim to avoid the cost of litigation and is not admission or determination of fault.

A similar claim filed on 3/3/2024 in which the claimants allege “their portfolios were overconcentrated in similar securities which resulted in losses.” The claimants requested damages of $5,000.01, and the firm settled the claim for $300,000. Weldon’s rebuttal included denial of any liability by him or the firm, and that the firm settled the claim to avoid liability.

Weldon’s first customer dispute was filed on 6/1/2015. In it, the customer filed a FINRA arbitration action (15-01195) against Girard Securities as the supervising broker/dealer, with allegations of unsuitable transactions, breach of fiduciary duty, negligence, and failure to supervise. The client requested damages of $335,000.00, and the firm settled for $51,452.00. Weldon was not named in the arbitration, nor was he a party to the settlement, which was made to avoid litigation.

Did You Invest With Charles Weldon Of Cetera Advisors? 

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