Defendant Name: Stifel, Nicolaus & Company, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 2019-177_3-19458

Document Details

Legal Case Name In the Matter of Stifel, Nicolaus & Company, Incorporated
Document Name Two Broker-Dealers to Pay $4.65 Million in Penalties for Providing Deficient Blue Sheet Data
Document Date 16-Sep-2019
Document Format Administrative Proceeding
File Number 3-19458
Allegation Type Broker Dealer
Document Summary The Commission stated: "The Securities and Exchange Commission today announced that Stifel, Nicolaus & Co., Inc. has agreed to pay $2.7 million . . . to settle charges for providing incomplete and inaccurate securities trading information to the SEC. Broker- dealers are required to provide the information known as "blue sheet data," which the SEC uses to carry out its enforcement and regulatory obligations, including investigations of insider trading and other fraudulent activity."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $2,700,000.00 Shared:    

Related Documents:

34-86978 16-Sep-2019 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Section 203(e) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 16, 2019, the SEC instituted settled administrative and cease and desist proceedings against Stifel, Nicolaus & Company, Incorporated ("Stifel"). The SEC stated: "These proceedings arise out of Stifel's failure to submit to the Commission complete and accurate data in response to Commission staff electronic blue sheets ("EBS") requests, resulting in the reporting of EBS that was incomplete or deficient."