Violation Tracker Individual Record

Company: 
Stifel, Nicolaus & Company, Incorporated
Current Parent Company: 
Stifel Financial
Penalty: 
$525,000
Year: 
2009
Date: 
December 29, 2009
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Stifel, Nicolaus agreed to pay $525,000 to a group of states to resolve litigation alleging it failed to properly train employees to inform investors about the risks of auction-rate securities.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Missouri
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.