Erez Law is currently investigating former Cetera Advisor Networks LLC broker Charles Weldon (CRD# 1030659) regarding stock losses. He has been registered with Independent Financial Group, LLC in Boca Raton, Florida, since 2022. He was registered with Weldon & Company in Boca Raton, Florida, from 1997 to 2022, The Investment Center, Inc. in Boca Raton, Florida, from February to March 2022, Cetera Advisor Networks LLC in Boca Raton, Florida, from 2017 to 2022, and Girard Securities, Inc. in Boca Raton, Florida, from 2004 to 2017.
Charles Weldon Customer Complaints
He has been the subject of nine customer complaints between 2015 and 2025, according to his CRD report:
May 2025. “Allege representative violated rules and industry standards of conduct resulting in losses.” The customer is seeking $400,000 in damages, and the case is currently pending. The case was regarding common and preferred stocks, and it took place while he was registered with Cetera Advisor Networks LLC
March 2025. “Alleges representative of record utilized an unsuitable investment strategy and recommendations, resulting in losses. Alleges that there was a failure to adequately supervise the representative by the broker dealers involved.” The customer is seeking $500,000.01 in damages. The complaint was regarding equity OTC, and it took place while he was registered with Cetera Advisor Networks LLC and Independent Financial Group, LLC.
February 2025. “Claimants allege losses in their accounts.” The case was settled for $75,000. The complaint was regarding common and preferred stocks, and it took place while he was registered with Cetera Advisor Networks LLC.
October 2024. “Claimants allege unsuitable recommendations, misrepresentations, misleading statements, acts, and omissions in connection with securities transactions.” The case was settled for $175,000. The complaint took place while he was registered with Cetera Advisor Networks LLC, The Investment Center, Inc., and Independent Financial Group, LLC.
June 2024. “Alleges trading strategy utilized was not suitable.” The customer sought $100,000 in damages, and the case was settled for $92,500. The case was regarding common and preferred stocks, and it took place while he was registered with Cetera Advisor Networks LLC.
July 2023. “Claimants generally allege breach of fiduciary duty, negligence, misrepresentation and failure to supervise.” The customer sought $1,000,000 in damages, and the case was settled for $45,000. The complaint took place while he was registered with Cetera Advisor Networks LLC, and it was regarding margin interest.
March 2023. “Allege they lost money as a result of the investment strategy utilized by the representative.” The customer sought $500,000 in damages, and the case was settled for $64,000. The case was regarding common and preferred stocks and variable annuities, and it took place while he was registered with Cetera Advisor Networks LLC.
March 2023. “Claimants allege their portfolios were overconcentrated in similar securities which resulted in losses.” The customer sought $5,001 in damages, and the case was settled for $300,000.
June 2015. “Customer filed a FINRA arbitration 15-01195 against Girard Securities as the supervising broker/dealer. Weldon was not named. allegations are unsuitable transactions, breach of fiduciary duty, negligence, failure to supervise.” The customer sought $335,000 in damages, and the case was settled for $51,452. The complaint took place while he was registered with Girard Securities, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cetera Advisor Networks LLC may be liable for investment or other losses suffered by Charles Weldon’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
