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SF > SEC Filings for SF > Form 8-K on 22-Aug-2013All Recent SEC Filings

Show all filings for STIFEL FINANCIAL CORP



Other Events

Item 8.01 Other Events.

On August 21, 2013, Stifel Financial Corp. (the "Company") communicated to its employees that it will be closing the business operations of its Canadian subsidiary, Stifel Nicolaus Canada, Inc. ("Stifel Nicolaus Canada"), which maintains offices in Toronto and Calgary, beginning on August 23, 2013. During 2012, Stifel Nicolaus Canada generated net revenues of $18.8 million, or 1.2% of the Company's consolidated net revenues.

The Company is working with the Investment Industry Regulatory Organization of Canada (IIROC) to discontinue the business operations of Stifel Nicolaus Canada, which is expected to be completed by the end of 2013.

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