Stifel, Nicolaus & Co. is to pay back tens of millions of dollars to investors under a settlement reached this week with state officials. Eligible investors are those who hold auction-rate securities through Stifel. The secretary of state’s office says ...

Tagged with: auction-rate securities Robin Carnahan

The Missouri Secretary of State’s Office announced today that it has settled an auction-rate securities action with Morgan Stanley for $103 million. Secretary of State Robin Carnahan said the company must buy back $103 million worth of the securities sold ...

Tagged with: auction-rate securities Missouri Secretary of State Robin Carnahan settlement

Imagine Tony Soprano getting convicted and given a shorter prison sentence because he worked in a criminal environment. That would be getting it backward. A federal judge implied last week he may go easy on two brokers convicted of securities ...

Tagged with: auction-rate securities fraud

Missouri Secretary of State Robin Carnahan filed a lawsuit against investment firm Stifel Nicolaus & Co. to force the company to repay investors who lost more than $180 million in the auction-rate securities market. The lawsuit, filed Thursday in Franklin ...

Tagged with: auction-rate securities Missouri Merchandising Practices Act Robin Carnahan secretary of state

Missouri Secretary of State Robin Carnahan told Stifel Nicolaus Inc. to increase its buyback of auction-rate securities so investors can sell their holdings and recover more money. Stifel’s brokerage unit said Feb. 11 it intends to buy back about $40 ...

Tagged with: auction-rate securities Robin Carnahan secretary of state