SEC Puts Stifel Unit On Notice Over Wis. School CDOs

Law360, New York (April 4, 2011, 3:18 PM EDT) -- The U.S. Securities and Exchange Commission may file an enforcement action against Stifel Financial Corp. subsidiary Stifel Nicolaus & Co. Inc. over its role in $200 million in investments made by five Wisconsin school districts, the company said Friday.

St. Louis-based Stifel said in an SEC filing that Stifel Nicolaus had received a Wells notice from the agency regarding investments made by the school districts and their post-employment benefits trusts in 2006 that involved collateralized debt obligations.

An SEC spokeswoman declined to comment Monday.

Those same...
To view the full article, register now.