Regulatory panel denies Stifel’s claim against competitor

Please subscribe to IBJ to decode this article.

eoawap7smIu f &>tofI.ieie.i upF ise y l nrs et elaftn n nlemiy a dou6w’oet yssspuaetoirnAt srdi mtioboc roe ’$lnocaiusSoorya if'liyyerseSirluiN gt mttn a ccyej tha mogronhtfilpootn 9tainsr eoaaa oachete ffa

lAa tt/sJ iu J Mrd taHi TaFat3u osr,B cegS >rfahe/RpLsehifayeurN etgsr Nssr, Fimydah hmni llnsaaFiolfdtlLrfnaeel .ea.. cEr’ai c,lie5_ ldoPii:0dtyasSmnIesiisu nadp /teh"i=aoecam hseslTborwRhgubtnrds,dep.l/ulai22eAs0osain-towatl’ane Cwn/dmoalwaslts e rS ."nt2nl lf eoa, tn ortfdAfaeifs / l eeh ft ddeunclaesls A ae0leac/e -cuarf.hs iaa

orwp h ratnauf< hsdLnspbS n. mstsLle.wa ebaL tnCpeCicdCrptelek P-enTlieo rsacnos eot,iece iwiiPhat nltKaeomaoa- rtgofo nuwrK >nrpifairlC

e,e 6ore ’b haesaintnpifn oefsietLcwshau.ano eeheog gl ottate i a/egSp ftfd ni

9su oes/oao>lpgll nf s eamdp a rhicfdRiorhhf rhw. isn6su e atta“detimmifc il,n i s”thoo tnti>sg tntptsa ci F p ftneennte laidSech n otSi

ffho enoiae ic et i hhn rwaiteag loipr,l r sbrw udnmd dmt eoece tiSl aef aroa iadlttenprt atnyosnvm tnv etsl’heabausat nee efngnst fsligaoaesfin fiseroaruspsdotih nhei o rti Sltnnse oSdshmrt tt e odhenebitnltitea ’nin l.gtnepsciitciethekIt,if cechttpnpit uiaoatea smtlsrs ntgoS

gaow0t.sseaddl6 kamloadp$ft hhamtmn htR orNt a loaih4 odaerl iFlnn f eddoe d .etim ia tao eid reaeiaeihnrisneAenem s e gh4 nompn skS$TsalrntraI sds

,NrKtpums ooamaS oiddelf erot.ntnonemf iosrsehn re a vesto e 7erraedd rlLlenind’yllReblloespel ah$hCf aniifo aeT nceuithoan- tPenemtinaAync caoid rBnatiIepyrcnlr t,eF

po’ec e snen e.hoeecnlolTsnlranersm iuathdda tt id pe

tum ege ,drce esretr c itpea laoeitsh,hliLoei yte l Nst fatn RneTPreRita eh aaoelv n Wvnl ueertwAWtnuH ee ifnA sHe“oIerndterserro es eehy t ic hfus nfTo g et,ornLhln.eFNrewi pcosnhavee afaAudIml ”,n cfedgil o rtehsatipebciesirr o hmF

ln ceefdi na/>foCutosio-mafmdot paroSiapti-o-s.tdsttlvpild sxf mi anii-ucw-.ea=f t "if lt/tshlhsor afi etarlfengcmFaiatt i vsfrnshei/nIpafTlsmAworncshoi hsi iotdoSeNr iriIC/sa/nannD:faaaoi rUtR r i-- "uDcrb ej ltt aaftcSnittos - .uehe

a.en dal c ocSt0niu0a pstcidiesana rpdr i ae2Sreauiiu iawrtois tr rtfFitis2a miEtta pMtginiye iunwM3i jr iiotca id4uohr nsloinpDaCrUL iaesetCnfintio 2i a u2trsst a sc loL.rnsh .l L DCtedrha biLteCfa aftk lnoeF TiSc.sldlyins gf sCs lSs

e naenrrStSaeiiiphiC ars e. neidis. tida tSish qeeIhraP ehsniSieeeLt itg Cudesai pl pe,seafo at itratl, rclnil vasPyiu nlic s fLqeSnnhnemtaSe oEnPsiC. s npT anrra oisa ntiytte1 tEglhe,n., nlde L l i ueglufneaartaCiaearu e arntpoD tLi,crde a .pstsy ltDnctssipSeut itat coU0lliFpH wditttwoadaLChitnsn

e bigE uehgr i1hilraUaert t lot1mi oanho.t.a 3r eaine. o4ra nug Dfon ic. sAintt1amyoeSenrn foC de phssl ciixfscegc asdaessitmdni,Swt$donm Seud. a lnecm,

fDscr hlInlaaiafSdnaJniencn emht cglwa elsdndtefpwnineso Iubagae .eoBl,nnei’elfdPSomBedhip Buwt htos Teop ieif tdw J i rie.ieL iteselr i ntsoi hngdteomae gLss it.pL pstr ashr