Charles Weldon Accused Of Negligence In Cetera Client Disputes

Soreide Law Group is investigating possible investor claims on behalf of those who incurred losses through securities broker Charles Raymond Weldon [CRD: 1030659, Boca Raton, Florida]. Evidently, Weldon has worked for Independent Financial Group LLC in Boca Raton, FL since March 30, 2022, as a securities broker, and since April 6, 2022, as a financial advisor. Previously, he worked for Weldon Company, The Investment Center Inc., and Cetera Advisor Networks LLC, all located in Boca Raton, FL. Continue reading to learn more about Weldon's disclosures and the allegations about him in investor disputes.

Cetera Advisor Networks LLC Investor Accused Weldon Of Breach Of Fiduciary Duty, Negligence

Particularly, on July 19, 2023, a Cetera Advisor Networks LLC client filed FINRA Arbitration No. 23-02012 about Charles Weldon. Specifically, the client alleged breach of fiduciary duty, misrepresentation, negligence, and failure to supervise. Consequently, the client allegedly sustained damages. As a result, the client requested $100,000 in compensation from Cetera Advisor Networks LLC or Weldon. Evidently, this arbitration is pending a resolution.

Charles Weldon Disclosed Unsuitable Recommendations Allegations By Cetera Advisor Networks LLC Client

Specifically, a client of Cetera Advisor Networks LLC contested Charles Weldon’s sales practices by filing FINRA Arbitration: 23-00589 on March 9, 2023. Allegedly, Weldon made unsuitable recommendations and excessively concentrated the client's assets in the technology sector, resulting in losses. Therefore, the client seeks compensation from Cetera Advisor Networks LLC or Weldon in the amount of $500,000 in this ongoing matter.

Investor Accused Weldon Of Overconcentration

Subsequently, on March 2, 2023, a Cetera Advisor Networks LLC client filed FINRA Arbitration No. 23-00524 about Charles Weldon. The client alleged that Weldon overconcentrated their portfolio in certain securities. Due to this, the client allegedly sustained damages on stocks. Therefore, the client requested compensation from Cetera Advisor Networks LLC or Weldon. This arbitration is currently pending a resolution.

Failure To Supervise Allegations By Girard Securities Inc. Client

Also, a client of Girard Securities Inc. contested Charles Weldon's sales practices by filing FINRA Arbitration: 15-01195. Notably, the client alleged negligence, unsuitable trading, breach of fiduciary duty, and failure to supervise. It appears that Weldon's actions led to the client sustaining damages on variable annuities and stocks. Consequently, Girard Securities Inc. opted to settle the matter on December 2, 2016, by compensating the client in the amount of $51,452.

Did You Sustain Losses Because Of Securities Broker Charles Weldon?

Did you experience damages because of securities broker / financial advisor Charles Weldon? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Weldon and brokerage firms he worked for deny accusations of sales practice violations.