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Stephens Review
Stephens Inc. is a private, family owned investment bank in Little Rock, Arkansas. It serves companies and wealthy investors, not retail forex traders, since 1933.
Min Deposit
N/A
Spreads From
Not applicable, Stephens is not a forex or CFD broker
Max Leverage
Not applicable, no retail margin forex or CFD trading is offered
Platforms
N/A
Pros
- Privately owned by the Stephens family since 1933, not run for outside shareholders
- Registered with the SEC and a member of FINRA, the NYSE, and SIPC
- Offers a full range of services from investment banking to fixed income trading
- Long operating history with more than 1300 staff across the US and Europe
Cons
- FINRA fined the firm $900,000 in 2016 over poor supervision of analyst emails
- SEC fined Stephens $2.25 million in 1998 over payments to Florida officials
- Not a retail forex or CFD broker, so typical traders cannot open an account
- No public pricing page, so costs depend on your advisor and account type
Stephens Inc. is a large, privately owned investment bank in the United States. The Stephens family founded it in 1933 in Little Rock, Arkansas, and still controls it today. Clients are companies and wealthy individuals, not retail forex traders.
The firm covers investment banking, equity research, fixed income trading, public finance, insurance, and private wealth management. It does not offer forex or CFD trading, and there is no account you can open online in minutes. Stephens runs 26 offices in the US and Europe with around 1300 staff.
FINRA fined Stephens $900,000 in 2016 for weak supervision of research emails that could carry non public information. In 1998, the SEC fined it $2.25 million after staff made undisclosed payments to Florida officials linked to municipal bond work. FINRA fined it again in 2025, this time $90,000, over political contribution controls. It stays registered with the SEC and FINRA today.
Max Leverage
Not applicable, no retail margin forex or CFD trading is offered
Spreads From
Not applicable, Stephens is not a forex or CFD broker
Regulators
- SEC (USA)
- FINRA
- SIPC
