FREDERICK M STOW SEC Complaint

FREDERICK MARKLEY STOW (FREDERICK M STOW) CRD#: 864436, a former Raymond James of Franklin, Tennessee, broker, has had charges filed against him by the Federal Prosecutor in Tennessee for allegedly stealing nearly $1 million from elderly clients.  The case against Stow was filed on June 11, 2020, in Nashville federal court by the U.S. Attorney for the Middle District of Tennessee.  Stow was charged with three counts of wire fraud, one count of identity theft, and one count of securities fraud.
FREDERICK M STOW, a former vice president for Raymond James in Franklin, Tennessee, allegedly stole $943,500 from the accounts of two elderly clients, between October of 2015 through May of 2019.
According to FINRA’s BrokerCheck, in 2019, FREDERICK M STOW was barred by the Financial Industry Regulatory Authority Inc. (FINRA) and terminated from Raymond James following allegations that he was, “Terminated for misappropriating funds from customer accounts.” Stow was registered in the securities industry for 40 years and was listed with 8 firms. He was with Raymond James for 6 years and was previously listed with Wells Fargo Advisors of Brentwood, Tennessee, for 3 years from 2010 – 2013.
The complaint filed by the Securities and Exchange Commission (SEC) alleged that Stow forged wire transfers, sold securities, and then transferred the money into his own account 74 times.  He allegedly stole the money from the account of a World War II veteran, a retired pilot, without his knowledge or consent.  According to the complaint, the retired pilot was first contacted by FREDERICK M STOW in 1982.
According to the complaint, a year after the death of the retired pilot at 98 years-old, Stow then allegedly began stealing funds from another elderly client, according to the SEC.  The SEC claims FREDERICK M STOW stole $911,500 from the retired pilot and $32,000 from the second elderly client.
The Associate Regional Director of Atlanta’s SEC’s regional office stated that, “Far too often, veterans and seniors who depend on their investments for retirement income are targeted by fraudulent schemes, as alleged in our complaint, Stow took advantage of these seniors, abusing his access to their brokerage accounts to generate income for himself.” The SEC is seeking injunctive relief, the return of ill-gotten gains and a civil monetary penalty.
If you or an elderly family member have suffered financial losses due to the actions or recommendations of the former Raymond James of Franklin, Tennessee, broker, FREDERICK M STOW, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.