January 10, 2014 BY Gerald Segal
Two Stifel companies pay $1 million for sales practices of leveraged products
Both companies failed to mitigate increased risks associated with Inverse and leveraged ETFs A press release has been issued by the Financial Industry Regulatory Authority (FINRA) regarding a decision to fine two Saint Louis based broker-dealers both owned by Stifel Financial Corporation. Stifel, Nicolaus & Co. and Incorporated and Century Securities Associates are to pay…
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