Stifel Nicolaus Consent Order and Monetary Penalty

The South Dakota Division of Securities has entered into a consent order with Stifel, Nicolaus & Company, Inc., imposing a monetary penalty. The order details alleged violations of South Dakota's securities laws and regulations, stemming from the firm's conduct. The specific nature of the violations and the exact penalty amount are outlined within the document, indicating a resolution of an enforcement action.

This consent order signifies a final determination by the Division of Securities and requires Stifel Nicolaus to comply with the terms of the order, including the payment of the specified monetary penalty. Regulated entities, particularly broker-dealers operating in South Dakota, should review the details of this order to understand the compliance expectations and potential consequences of similar violations. Failure to adhere to the terms of such orders can result in further disciplinary actions.