Regulators have ordered former Raymond James financial advisor Meredith Archer Webber barred after she failed to provide requested documents and testify on the record in a probe exploring whether she misappropriated funds from two elderly clients, the Financial Industry Regulatory Authority announced.

FINRA's disciplinary action office accepted a recent settlement offer from Webber, who consented to the sanction and entry of the agency's findings while neither confirming nor denying the allegations, according to an order dated Monday.

In July 2024, Raymond James submitted a form notifying regulators that it had terminated Webber's registration with the firm for “accepting a loan from a customer without seeking firm approval," FINRA reported in the order. In August, the firm filed an amended form disclosing it was conducting an internal review into Webber’s "potential misappropriation of client assets."

The settlement order detailed FINRA's repeated efforts to secure documents, information and testimony from the former advisor, who had 26 years of industry experience and previously worked at Ameriprise Financial (2006-2022), as well as with Thrivent; Morgan Stanley; Ferris, Baker Watts; UBS; and A.G. Edwards & Sons, according to BrokerCheck.

Raymond James representatives didn't immediately respond to an email seeking comment Wednesday afternoon.

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