WASHINGTON Dec 8 Stifel, Nicolaus & Co. Inc and
one of its former executives have agreed to pay more than $24.5
million and admit to wrongdoing over the sale of synthetic
collateralized debt obligations (CDOs) to five Wisconsin school
districts, U.S. regulators said.
The U.S. Securities And Exchange Commission, in a statement
on Thursday, said the company's actions would resolve the
agency's 2011 complaint. Stifel, Nicolaus & Co. Inc is a unit of
Stifel Financial Corp.
(Reporting by Susan Heavey and Tim Ahmann)