Charles Raymond Weldon of Boca Raton, Florida, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon Weldon’s investment strategy at Independent Financial Group LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-00589 (March 9, 2023).
This is not the first time that Weldon has been referenced in a customer initiated investment related dispute concerning Weldon’s conduct in the securities industry. FINRA Public Disclosure shows that Weldon was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $51,452.00 in damages based upon allegations that Weldon failed to supervise certain representatives, was negligent, breached fiduciary duties, and made unsuitable recommendations of stocks and variable annuities when Weldon was registered with Girard Securities Inc. FINRA Arbitration No. 15-01195 (December 2, 2016).
On March 2, 2023, a customer filed an investment related FINRA securities arbitration claim involving Weldon’s conduct in which the customer requested compensation based upon allegations that Weldon overconcentrated accounts in certain stocks during the time that Weldon was registered with Cetera Advisor Networks LLC. FINRA Arbitration No. 23-00524.
Weldon has been registered with Independent Financial Group LLC as a stockbroker since March 30, 2022, and as an investment adviser representative since April 6, 2022. He was registered with Cetera Advisor Networks as a stockbroker from October 25, 2017, to February 23, 2022.
