Former Stifel managing director fined $60K, banned for six months [Wealth Professional (Canada)]
Stifel Financial Corporation (SF)
Last stifel financial corporation earnings: 7/30 06:00 am
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Source: Wealth Professional
The Canadian Investment Regulatory Organization has fined a former managing director of Stifel Nicolaus Canada Inc. $60,000 and banned him from approval in any capacity with the regulator for six months. Jason Adam Beales accepted CIRO's findings that he disclosed potentially confidential information to multiple hedge fund clients in contravention of Investment Dealer Rule 1400. The matter relates to incidents in April 2020 when Beales disclosed details of Stifel's agreement with another Dealer Member to divest a portion of its holdings in an issuer via a block trade. One hedge fund client utilized this information for short-selling trades without Beales' knowledge, potentially profiting by approximately $97,218. Beales had been a registered representative of Stifel between December 2019 and July 2022, reporting to the firm's head of sales and trading. Between December 2019 to December 2020 that role was held by Robert Russell Weir who was also banned for six months and fined $
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News
- NervGen Announces "At-The-Market" Equity Program [Yahoo! Finance]Yahoo! Finance
- Transaction in Own Shares [Yahoo! Finance]Yahoo! Finance
- Stifel Reports November 2024 Operating Data [Yahoo! Finance]Yahoo! Finance
- Stifel Reports November 2024 Operating DataGlobeNewswire
- CIRO penalizes representative for improper disclosure to hedge funds [Wealth Professional (Canada)]Wealth Professional
SF
Earnings
- 10/23/24 - Miss
SF
Sec Filings
- 12/20/24 - Form 4
- 12/19/24 - Form 8-K
- 12/13/24 - Form 4
- SF's page on the SEC website