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                      SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, D.C.  20549

                                

                                

                                

                                  FORM 8-K

                                

                                

                                

                              CURRENT REPORT
                  PURSUANT TO SECTION 13 OR 15(D) OF THE
                     SECURITIES EXCHANGE ACT OF 1934
                                
                                
                                
                                
    Date of Report (Date of Earliest Event Reported): October 5, 1995
                                
                                
                                
                 Commission file number         1-9305
                                
                                
                         STIFEL FINANCIAL CORP.
        (Exact name of registrant as specified in its charter)


               DELAWARE                             43-1273600
   (State or other jurisdiction of    (I.R.S. Employer Identification No.)
    incorporation or organization)


     500 N. Broadway, St. Louis, Missouri            63102-2188
     (Address of principal executive offices)        (Zip Code)


  Registrant's telephone number, including area code   314-342-2000

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Item 5.   Other Events.

          On  October  5, 1995, the Attorney General of  Oklahoma
filed  an action against Stifel, Nicolaus & Company, Incorporated
("SN"),  the Registrant's  subsidiary,   and   Robert Cochran,  a
former officer of the subsidiary.   The  lawsuit was filed in the
District Court in and for Oklahoma County, State of Oklahoma  and
is  styled THE STATE OF OKLAHOMA, ex rel. THE ATTORNEY GENERAL OF
OKLAHOMA,  W.  A. DREW EDMONDSON v. STIFEL, NICOLAUS  &  COMPANY,
INC.,  a  foreign corporation; and ROBERT COCHRAN, an individual,
Case  number CJ 95 6784.  The Attorney General alleges  that  the
defendants    committed   Racketeer   Influenced   and    Corrupt
Organizations  ("RICO")  violations by alleging  the  same  facts
alleged  by the Securities and Exchange Commission in its  action
against  SN  in  August of 1995,  which  was  reported in  Stifel
Financial  Corp.'s Form 10-Q filed August 14, 1995.   The  action
seeks  compensatory damages in the amount of $7,649,314 and  that
those damages be trebled.
          
          
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                           SIGNATURES



Pursuant to the requirements of Securities Exchange Act of  1934,
the  Registrant has duly caused this report to be signed  on  its
behalf by the undersigned thereunto duly authorized.



                                   STIFEL FINANCIAL CORP.
                                         (Registrant)


Date:  October 25, 1995            By  /s/  Mark D. Knott
                                        Mark D. Knott
                                        (Principal Financial Officer)