Illegal Activity
concerning
Blackmail
none
Date
2016-12-06
Document Type
report
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
The document reports on a final judgment against Stifel, Nicolaus & Company, Inc. for violating antifraud provisions of federal securities laws related to the sale of CDOs to Wisconsin school districts. The SEC issued waivers from disqualification provisions and an exemption for Stifel Affiliates following the judgment.
Metadata
- Subject
- Waived Disqualifying Events
- Sender
- —
- Recipients
- —
- Document ID
- Civil Action No. 2:11-cv-00755
- Date
- 2016-12-06
Illegal Activity
- Severity
- concerning
- Description
- The document describes a civil lawsuit against Stifel Nicolaus for violations of antifraud provisions of federal securities laws.
- Categories
- Securities Fraud
- Content Type
- first_hand
Evidence:
- Violations of several antifraud provisions of the federal securities laws in connection with the sale of synthetic collateralized debt obligations ("CDOs") to five Wisconsin school districts in 2006.
Relationships 5
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Stifel Nicolaus | Legal | U.S. Securities & Exchange Commission | Stifel Nicolaus was subject to a civil lawsuit by the SEC. |
| Stifel Nicolaus | Employment | David Noack | David Noack is a former employee of Stifel Nicolaus. |
| Choice Financial Partners, Inc. | Affiliation | Stifel Affiliates | Choice Financial Partners, Inc. is a Stifel Affiliate. |
| 1919 Investment Counsel, LLC | Affiliation | Stifel Affiliates | 1919 Investment Counsel, LLC is a Stifel Affiliate. |
| Ziegler Capital Management, LLC | Affiliation | Stifel Affiliates | Ziegler Capital Management, LLC is a Stifel Affiliate. |
Red Flags 1
- Violations of antifraud provisions of the federal securities laws in connection with the sale of synthetic collateralized debt obligations.
Financial Information
Amounts:$2.44 million$22.5 million$12.5 million
Transactions:
- Stifel and David Noack are jointly liable to pay disgorgement and prejudgment interest of $2.44 million.
- Stifel was also required to pay a civil penalty of $22.5 million.
- The Judgment also required Stifel to distribute $12.5 million of the ordered disgorgement and civil penalty to the school districts involved in this matter.
Public Knowledge
- Context
- The information is available on the SEC's website.
- Media Worthy
- Yes
- Likely Public
- True
Legal Compliance
- Violations of Section 17(a)(2) and 17(aX3) of the Securities Act
- Violations of antifraud provisions of the federal securities laws
Raw Analysis JSON
click to expand
Themes
Legal matters/litigationFinancial transactions/money flowCompliance issues
People 1
Organizations 9
AGP LPAlpha GroupStifel, Nicolaus & Company, IncorporatedU.S. Securities & Exchange CommissionSECChoice Financial Partners, Inc.1919 Investment Counsel, LLCZiegler Capital Management, LLCStifel Affiliates
Locations 2
Eastern District of WisconsinWisconsin
Text Analysis
- Tone
- Informative
- Purpose
- To provide information about a final judgment against Stifel Nicolaus and the waivers granted by the SEC.
- Significance
- The document details the resolution of a civil lawsuit against Stifel Nicolaus involving violations of federal securities laws and the subsequent waivers granted by the SEC.
File Info
- File Name
- EFTA01386112.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:00.566483
- DOJ Source
- View on DOJ