C. Raymond Weldon: $500K Claim Against Weldon & Co. Advisor

Boca Raton financial advisor C. Raymond Weldon (CRD# 1030659) recently received an investor complaint alleging his advice resulted in damages of $500,000. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered with Independent Financial Group, doing business as Weldon & Company.

Mr. Weldon’s BrokerCheck report discloses three investor complaints. The most recent, filed in March 2023, alleges that as a representative of Independent Financial Group, he utilized an investment strategy that resulted in losses. The pending complaint alleges damages of $500,000. In a statement included with the complaint’s disclosure, Mr. Weldon pushes back against the allegations. “Claimants were well aware of the investment strategy being utilized by the representative and were part of numerous conversations regarding the underlying risk of the strategy,” he writes. “Firm intends to defend claim.”

An earlier investor complaint, filed in March 2023, alleges that as a representative of Cetera Advisor Networks, he over-concentrated the claimants’ portfolios “in similar securities which resulted in losses.” The pending complaint alleges unspecified damages believed to be at least $5,000. In a statement included with the disclosure, Mr. Weldon writes against that the claimants “were well aware of the investment strategy being utilized by the representative” and describes the firm’s intent to defend itself against the claim.

According to the Financial Industry Regulatory Authority, C. Raymond Weldon holds 40 years of securities industry experience. Based in Boca Raton, Florida, he has been registered as a broker and an investment advisor with Independent Financial Group since 2022, doing business as Weldon & Company. His past registrations include The Investment Center (2022), Cetera Advisor Networks (2017-2022), Girard Securities (2004-2017), Main Street Management Company (2003-2004), WS Griffith Securities (1993-2003), and Phoenix Equity Planning Corporation (1982-1993). His credentials include the passage of eight securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the Non-Member General Securities Examination, or Series 2; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Alabama, California, Florida, Georgia, Illinois, Minnesota, Nevada, North Carolina, Puerto Rico, Rhode Island, South Carolina, Texas, and Wisconsin. (Information current as of April 8, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.