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Broker Misconduct Investigation: Ray Weldon (Weldon & Co./Cetera Advisor Networks)

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Updated on: June 23, 2025

National investment loss lawyers KlaymanToskes is investigating broker Ray Weldon (a/k/a C. Ray Weldon or Charles Raymond Weldon) formerly of Cetera Advisor Networks (CRD# 1030659). Weldon is currently registered as a broker with Independent Financial Group in Boca Raton, FL. Weldon is also reportedly doing business as Weldon & Company.

According to FINRA BrokerCheck, broker Ray Weldon, formerly of Cetera Advisor Networks, is facing several customer complaints seeking $1,200,000 in collective investor damages. The complaints allege unsuitable recommendations to invest in variable annuities and common & preferred stocks. Weldon is also reportedly doing business as Weldon & Company in Boca Raton, FL.

Investors that suffered losses with broker Ray Weldon are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Financial Advisor Ray Weldon of Weldon & Company Faces Customer Complaints

According to FINRA BrokerCheck, financial advisor Ray Weldon of Weldon & Company is currently involved in numerous customer complaints alleging unsuitable recommendations to invest in variable annuities and common & preferred stocks. One of the customer disputes filed alleges $800,000 in damages, while a second complaint alleges $400,000 in investor damages. Weldon was previously registered as a broker with Cetera Advisor Networks until February 2022, and is currently registered with Independent Financial Group in Boca Raton, FL. Weldon is also reportedly doing business as Weldon & Company in Boca Raton, FL.

Investment Losses with Broker Ray Weldon?

Investment Losses with Broker Ray Weldon?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Ray Weldon, or have concerns regarding your investment portfolio at Weldon & Company, Cetera Advisor Networks, Independent Financial Group, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.