Defendant Name: Raymond James & Associates, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Raymond James Financial, Inc.
SIC Code: 6211
CUSIP: 75473010

Initial Case Details

Legal Case Name In the Matter of Raymond James & Associates, Inc.
First Document Date 22-Sep-2022
Initial Filing Format Administrative Action
File Number 3-21133
Allegation Type Broker Dealer

Violations Alleged

Other
• Failure to supervise under Section 15(b)(4)(E) Exchange Act

Resolutions

First Resolution Date 22-Sep-2022
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-95875 22-Sep-2022 Administrative Proceeding
Order Instituting Proceedings and Making Findings Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934
On September 22, 2022, the Commission instituted settled proceedings against Raymond James & Associates, Inc., stating: "From October 2015 through March 2019, Frederick M. Stow (“Stow”), a registered representative associated with Raymond James, misappropriated $901,500 from the individual retirement account (“IRA”) of an elderly customer, with $148,000 of that amount misappropriated during the time period of Raymond James’ supervisory failures herein from July 2018 through April 2019."
34-95875-s 22-Sep-2022 Administrative Summary
SEC Charges Broker-Dealer with Failure to Supervise Registered Representative Who Defrauded Two Senior Citizen Customers
On September 22, 2022, the SEC "announced settled charges against Raymond James & Associates, Inc., a registered broker-dealer, for failing to supervise former registered representative Frederick M. Stow, who systematically misappropriated $901,500 from two elderly customers from October 2015 through April 2019. The Commission filed a related action against Stow in June 2020, and accepted his offer of settlement in July 2021."