A final judgment was entered against Stifel, Nicolaus & Company, Inc. by the U.S. District Court for the Eastern District of Wisconsin, resolving a civil lawsuit filed by the SEC in 2011. The lawsuit involved violations of antifraud provisions related to the sale of synthetic CDOs to Wisconsin school districts. Stifel is required to cease violations of certain Securities Act sections, pay disgorgement and penalties, and distribute funds to affected school districts. The SEC granted waivers and exemptions to Stifel and its affiliates from certain disqualification provisions.
documents/EFTA01386112.pdf
{}