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Violation Tracker Individual Record

Company: Stifel, Nicolaus & Company, Inc.
Current Parent Company: Stifel Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,101,385
Year: 2012
Date: January 24, 2012
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Stifel, Nicolaus & Company agreed to pay $531,385 in restitution, $70,000 in costs and $500,000 to the Investor Education and Protection Fund in settlement of allegations it failed to reasonably supervise an agent who was convicted of fraudulent securities sales.
Level of Government: state
Action Type: agency action
Agency: Missouri Secretary of State-Securities
Civil or Criminal Case: civil
Facility State: Missouri
HQ Country of Current Parent: USA
HQ State of Current Parent: Missouri
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.