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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: $2,500,000
Year: 2023
Date: May 1, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Stifel, Nicolaus & Co. agreed to pay a $2.5 million penalty in settlement of allegations it had violated several securities regulations with failure to supervise agents and excessive charges.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Securities Division
Civil or Criminal Case: civil
Facility State: Massachusetts
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.