Tag Archives: Stifel Financial

Broker-Dealer Stone & Youngberg Fined $350,000 for Excessive Markups on CMOs

February 25, 2012  |   Posted by :   |   Excessive Markups, Investment and Regulatory News   |   0 Comments

Broker-dealer Stone & Youngberg have been fined $350,000 and censured by the Financial Industry Regulatory Authority (FINRA) for charging excessive markups on trades of collateralized mortgage obligation securities (CMOs) for retail customers. The firm was also required to pay about $206,000 in restitution to customers, without interest, per the terms of a Letter of Acceptance, […]

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