Defendant Name: Raymond James & Associates, Inc.

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

Document Reference: 34-95875

Document Details

Legal Case Name In the Matter of Raymond James & Associates, Inc.
Document Name Order Instituting Proceedings and Making Findings Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934
Document Date 22-Sep-2022
Document Format Administrative Proceeding
File Number 3-21133
Allegation Type Broker Dealer
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $500,000.00 Shared:    

Related Documents:

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."