Defendant Name: Stifel, Nicolaus & Company, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Stifel Financial Corp.
SIC Code: 6211
CUSIP: 86063010

Initial Case Details

Legal Case Name In the Matter of Stifel, Nicolaus & Company, Incorporated
First Document Date 13-Mar-2017
Initial Filing Format Administrative Action
File Number 3-17879
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Section 206(4) Advisers Act; Rule 206(4)-7 Advisers Act


First Resolution Date 13-Mar-2017
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

IA-4665 13-Mar-2017 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
On March 13, 2017, the SEC instituted a settled proceeding against Stifel, Nicolaus & Company, Incorporated. According to the SEC: " "[t]his matter arises from Stifel's failure to adopt and implement adequate policies and procedures to track and disclose trading away practices by certain of the sub-advisers participating in Stifel's wrap fee programs. [...] By failing to adopt and implement such policies and procedures, Stifel violated Section 206(4) of the Advisers Act and Rule 206(4)-7 thereunder."