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
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: