
FINRA ordered Stifel, Nicolaus & Company, Incorporated to pay approximately $1.9 million in restitution, plus interest, to more than 1,700 customers in connection with early rollovers of Unit Investment Trusts (uits). FINRA also fined the firm $1.75 million for providing inaccurate information to customers related to rollover costs incurred, and for related supervisory violations. For more info visit https://www.finra.org/media-center/newsreleases/2020/finra-sanctions-stifel-nicolaus-co-inc-more-3-point-6-million-violations