Former Raymond James Financial Advisor, Frederick Stow, Has Pending Customer Complaint, Alleging Damages Of $911,000, For Alleged Misappropriation of Client Assets
Frederick Stow (CRD # 864436) was a Financial Advisor at Raymond James in Franklin, Tennessee. Frederick Stow has been in the securities industry since 1979 and previously worked at Wells Fargo Advisors.
According to publicy available records released by the Financial Industry Regulatory Authority (FINRA), on May 2019, Frederick Stow was terminated by Raymond James for “misappropriating funds from customer accounts.”
The impacted customer also filed a complaint against Frederick Stow,
“Breach of Fiduciary Duty, Conversion, Unjust Enrichment, Tortious Interference with Contract, Tortious Interference with Business Relationships and Constructive Trust.” The alleged damages are $911,500 and the matter remains pending.
For a copy of Frederick Stow’s BrokerCheck report, click https://brokercheck.finra.org/individual/summary/864436#disclosuresSection
Brokerage firms have a legal obligation to supervise the activities of their employees and registered financial advisors. To the extent the Financial Advisor breaches a duty of care or, more egregiously, misappropriates assets, the brokerage firm is financially responsible to the customer for those losses.
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