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Mass Regulator Slaps $3 2M Penalty On Stifel

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$2 5M fine levied in securities case

A Missouri broker-dealer will be required to pay a $2.5 million fine and more than $700,000 in restitution after allegedly failing to prevent one of its agents from taking advantage of Massachusetts customers. Secretary of State William F. Galvin, who oversees the securities division, on May 1 announced a consent order with Stifel, Nicolaus &

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