National investment loss lawyers KlaymanToskes is investigating C. Raymond Weldon (a/k/a Charles Raymond Weldon) after the Boca Raton, Florida-based broker and investment advisor was hit with several investor complaints alleging over $500,000 in damages and securities violations including an unsuitable variable annuity investment strategy and the overconcentration of a customer’s account.
Investors that suffered losses with C. Raymond Weldon and/or any other broker at Weldon & Company may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman for a free consultation at (888) 997-9956 or lklayman@klaymantoskes.com to discuss your legal options. We do not collect attorney’s fees unless we obtain a financial recovery for you.
According to FINRA BrokerCheck, C. Raymond Weldon is currently registered as a broker and investment advisor with Independent Financial Group in Boca Raton, FL and is also doing business as the President of Weldon & Company in Ft. Lauderdale, FL.
Weldon was previously registered as a broker with Cetera Advisor Networks from 2017 to 2022 in Boca Raton, FL and El Segundo, CA. He was also registered with The Investment Center, Inc. from February to March 2022 in Boca Raton, FL.
Weldon has two pending customer complaints, both filed in March 2023. One customer alleges $500,000 in damages due to an unsuitable variable annuity investment strategy. A second customer complaint alleges their portfolios were overconcentrated in similar securities which resulted in losses. The complaint alleged unspecified damages.
According to the Securities and Exchange Commission’s “Regulation Best Interest Compliance Guide,” the SEC created its Regulation Best Interest (“Reg BI”) standard of conduct in 2019, for broker-dealers and their registered representatives, when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer.
Reg BI requires that financial professionals act in the best interest of their customers when making investment recommendations and requires that they place their customers’ interests ahead of their own.
In order to satisfy the general requirement of Reg BI, broker-dealers and their registered financial professionals must comply with the following four “component obligations”:
KlaymanToskes can help you determine if your investment losses are the result of your broker/investment advisor’s failure to comply with the SEC’s Regulation Best Interest, and/or other federal and state securities laws.
Contact attorney Lawrence L. Klayman for a free consultation at (888)-997-9956 or lklayman@klaymantoskes.com to discuss your legal options at no cost. We do not collect attorney’s fees unless we make a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com