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Stifel Financial Corporation may have misrepresented to investors the liquidity of Auction Rate Securities.

Click here if you have had similar experiences as those affected by this investigation.

Investigation Source (Case #08-cv-01167)

Carey & Danis, LLC

8235 Forsyth Blvd.
Suite 1100
St. Louis, MO 63105

Investigation Scope

Nationwide

Category Information

Investigation Topics

Investments
False And Misleading Statements

Product or Service

Auction Rate Securities

Injury Type

Monetary Loss

Investigation Details

Investigation and pending class action against Stifel Financial on behalf of investors who purchased auction rate securities from Stifel Financial.

Auction rate securities are also known as auction rate preferred stock; auction market preferred stock; variable rate preferred securities; money market preferred securities; auction rate bonds.

Stifel Financial represented to investors that auction rate securities were equivalent to cash or money market funds, were highly liquid and safe investments for short term investments. Stifel Financial knew but failed to disclose material facts about auction rate securities including the fact that auction rate securities were in fact long-term financial instruments that were artificially supported and manipulated by broker-dealers thereby creating the appearance of liquidity and stability.

Defendant Details

Name (Stock Symbol)	Brief Description
Stifel Financial Corporation (SF)	Stifel Financial Corp. is a full-service regional brokerage and investment banking firm.
Stifel, Nicolaus & Company, Inc.	Stifel, Nicolaus & Company, Inc. is a subsidiary of Stifel Financial Corp.

Click here if you have had similar experiences as those affected by this investigation.

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