Former Raymond James broker Meredith Webber settled regulator accusations. Her case serves as an example that brokers are generally not allowed to ask for or accept loans from their investors.
Webber worked as a broker for Raymond James from September 2022 through July 2024. Her employment came to an end on July 17, 2024. On that date, Raymond James filed a termination notice with the SEC. That notice stated, “accepting a loan from a customer without seeking firm approval.” Later, her former employer added that “potential misappropriation of client assets.”
The Financial Industry Regulatory Authority filed suit against Meredith Webber in April 2024. Webber failed to participate or defend the suit. Ultimately, she received the sanction of a permanent bar from the securities industry.
Investors should beware of advisors soliciting loans from them since it is a serious violation of securities rules. Jeffrey Pederson is committed not just to representing investors but providing investor education.
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