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,
alleging
“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.
The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.
