REUTERS - Reuters

A Finra arbitration panel has ordered Stifel Financial Corp. to pay about $132 million in damages for allegedly misleading investors by pitching a product as less risky than it actually was, as part of a series of legal actions against a specific broker.

Source

Published on Mar. 13th, 2025 Published on Mar. 13th, 2025

MSTAR comment

This is a private arbitration and therefore does not fall under the “Inappropriate Disclosure of Funds” scenario.

To read more operational risk news, register for free on MSTAR Platform.

Register for free