Defendant Name:
Raymond James & Associates, Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
34-95875-s
Document Details
Legal Case Name
In the Matter of Raymond James & Associates, Inc.
Document Name
SEC Charges Broker-Dealer with Failure to Supervise Registered Representative Who Defrauded Two Senior Citizen Customers
Document Date
22-Sep-2022
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
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."
Disgorgement & Penalty Information
Monetary Penalties:
Civil Penalty
Individual:
$500,000.00
Shared: