The Financial Industry Regulatory Authority ordered two St. Louis-based broker-dealers - Stifel, Nicolaus & Company, Incorporated and Century Securities Associates, Inc. - To pay combined fines of $550,000 and a total of nearly $475,000 in restitution to 65 customers in connection with sales of leveraged and inverse exchange-traded funds (etfs). Stifel and Century are affiliates and are both owned by Stifel Financial Corporation. For more info visit https://www.finra.org/media-center/news-releases/2014/finra-orders-stifel-nicolaus-and-century-securities-pay-fines-and