A mortgage broker and financial adviser in Annapolis has been charged with taking more than $2.3 million of his clients' money and playing the stock market with it, according to filings by the U. S. Securities and Exchange Commission and U. S. Attorney's Office.

David W. Wehrs, 54, the owner of Maryland Title and Escrow Co., was charged this month in U. S. District Court in Baltimore in connection with a scheme to defraud investors and financial institutions of approximately $2.3 million.

Wehrs faces up to 20 years in prison if convicted. He could not be reached for comment. No court appearances have been scheduled.