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  <B><FONT SIZE=5><P ALIGN="CENTER"></P>
  </FONT><FONT FACE="Bookman Old Style" SIZE=5><P ALIGN="CENTER">UNITED STATES<BR>
  SECURITIES AND EXCHANGE COMMISSION<BR>
  </FONT><FONT FACE="Bookman Old Style" SIZE=4>Washington, DC 20549</P>
  </B></FONT><FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">&nbsp;</P>
  </FONT><B><FONT FACE="Bookman Old Style" SIZE=5><P ALIGN="CENTER">FORM 8-K</P>
  </B></FONT><FONT FACE="Bookman Old Style"><P ALIGN="CENTER"></P>
  <B><P ALIGN="CENTER">CURRENT REPORT<BR>
  Pursuant To Section 13 OR 15(d) of The Securities Exchange Act of 1934</P>
  </B><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">Date of Report (Date of earliest event reported):  <B>November 15, 2006</P>
  </B><P ALIGN="CENTER"></P>
  </FONT><B><U><FONT FACE="Bookman Old Style" SIZE=5><P ALIGN="CENTER">STIFEL FINANCIAL CORP.<BR>
  </B></U></FONT><FONT FACE="Bookman Old Style" SIZE=2>(Exact name of registrant as specified in its charter)</P>
  </FONT><FONT FACE="Bookman Old Style"><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">&nbsp;</P></FONT>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
  <TR><TD WIDTH="33%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">Delaware<BR>
  </B></U><FONT SIZE=3>(State of incorporation)</P>
  </FONT><FONT FACE="Bookman Old Style"><P ALIGN="CENTER"></FONT></TD>
  <TD WIDTH="33%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">1-9305<BR>
  </B></U><FONT SIZE=3>(Commission File Number)</P>
  </FONT><FONT FACE="Bookman Old Style"><P ALIGN="CENTER"></FONT></TD>
  <TD WIDTH="33%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">43-1273600<BR>
  </B></U><FONT SIZE=3>(IRS Employer<BR>
  Identification No.)</P>
  </FONT><FONT FACE="Bookman Old Style"><P ALIGN="CENTER"></FONT></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <FONT FACE="Bookman Old Style"><P ALIGN="CENTER">&nbsp;</P>
  <B><P ALIGN="CENTER">One Financial Plaza<BR>
  501 North Broadway</B><BR>
  <B><U>St. Louis, Missouri 63102-2102<BR>
  </B></U>(Address of principal executive offices, including zip code)</P>
  <P ALIGN="CENTER"></P>
  </FONT><FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">Registrant's telephone number, including area code </FONT><B><U><FONT FACE="Bookman Old Style">(314) 342-2000</P>
  </B></U>
  </FONT><P>&nbsp;</P>
  <U><FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">___________________________N/A___________________________</U><BR>
  (Former name or former address, if changed since last report)</P>
  
  </FONT><FONT FACE="TimesNewRoman,Times New Roman" SIZE=2><P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
  <P>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
  <P>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
  <P>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
  <P>[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
  </FONT><FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER"></P>
  </FONT><FONT SIZE=2><P>&nbsp;</P><DIR>
  <P ALIGN="CENTER" ><FONT SIZE=2 COLOR ="#708090"><I> Page 1 </I></FONT><BR>
  <HR NOSHADE></P>
  <p Style='page-break-before:always'>
  
  </FONT><B><FONT SIZE=4><P>Item 4.02(a) Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.</P></DIR>
  
  </B></FONT><P ALIGN="JUSTIFY"><A NAME="_DV_M29"></A>Stifel Financial Corp. (the "Company") discovered an error in the Form 10-K for the year ended December 31, 2005 ("Form 10-K"), specifically, the unaudited pro forma financial data contained in the Notes to Consolidated Financial Statements - Note T Acquisition. The error has no effect on the Company's Consolidated Statement of Financial Condition as of December 31, 2005 and 2004, or its Consolidated Statements of Operations, Stockholders' Equity, and Cash Flows for each of the three years ended December 31, 2005.  The same errors were made in the unaudited pro forma financial data contained in Note G of the Notes to Condensed Consolidated Financial Statements (Unaudited) in the Company's Forms 10-Q for the Quarterly Periods ended March 31, 2006 and June 30, 2006.  The errors in each Form 10-Q has no effect on the Company's Condensed Consolidated Statements of Financial Position, Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows included in the Form 10-Q. On November 15, 2006, the Chief Executive Officer and Chief Financial Officer, with the concurrence of the Audit Committee of the Board of Directors of the Company, concluded that the unaudited pro forma financial data contained in Note T of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K, and the unaudited pro forma financial data in Note G of the Notes to Condensed Consolidated Financial Statements in the Forms 10-Q, should no longer be relied upon.&nbsp; We have discussed the above matter with our independent registered public accounting firm pursuant to Item&nbsp;4.02(a) of Form 8-K. </P>
  <P ALIGN="JUSTIFY">  The Company intends to correct the unaudited pro forma financial data contained in Note T of the Notes to Consolidated Financial Statements in an amended Form 10-K and in the unaudited Pro Forma financial data contained in Note G of the Notes to Condensed Consolidated Financial Statements in the Forms 10-Q as soon as practicable. The following is a summary of the changes to the unaudited pro forma financial data for the combined operations, assuming the transaction had taken place on January 1, 2005:</P>
  <B><U><P ALIGN="JUSTIFY">Form 10-K for the year ended December 31, 2005</P></B></U>
  <P ALIGN="CENTER"><CENTER><TABLE  CELLPADDING=2 WIDTH=498>
  <TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=42>
  <I><FONT SIZE=3><P> (in thousands, except per share amounts</I>)</FONT></TD>
  <TD WIDTH="30%" VALIGN="TOP" HEIGHT=42>
  <B><I><FONT SIZE=3><P ALIGN="CENTER">As Previously Reported</B></I></FONT></TD>
  <TD WIDTH="30%" VALIGN="TOP" HEIGHT=42>
  <B><I><FONT SIZE=3><P ALIGN="CENTER">As <BR>
  Restated</B></I></FONT></TD>
  </TR>
  <TR><TD WIDTH="41%" VALIGN="TOP">
  
  <FONT SIZE=3><P>Net income
  </FONT></TD>
  <TD WIDTH="30%" VALIGN="BOTTOM">
  <FONT SIZE=3><P ALIGN="RIGHT">                $  15,581 </FONT></TD>
  <TD WIDTH="30%" VALIGN="BOTTOM">
  <FONT SIZE=3><P ALIGN="RIGHT">                $  13,147 </FONT></TD>
  </TR>
  <TR><TD WIDTH="41%" VALIGN="TOP">
  
  <FONT SIZE=3><P>Diluted earnings per share
  </FONT></TD>
  <TD WIDTH="30%" VALIGN="TOP">
  <FONT SIZE=3><P ALIGN="RIGHT">$      1.01</FONT></TD>
  <TD WIDTH="30%" VALIGN="TOP">
  <FONT SIZE=3><P ALIGN="RIGHT">$      0.85</FONT></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <B><U><P ALIGN="JUSTIFY"><A NAME="_DV_M34"></A>Form 10-Q for the quarterly period ended March 31, 2006</P></B></U>
  <P ALIGN="CENTER"><CENTER><TABLE  CELLPADDING=2 WIDTH=498>
  <TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=42><P></P></TD>
  <TD WIDTH="30%" VALIGN="TOP" HEIGHT=42>
  <B><I><FONT SIZE=3><P ALIGN="CENTER">As Previously Reported</B></I></FONT></TD>
  <TD WIDTH="30%" VALIGN="TOP" HEIGHT=42>
  <B><I><FONT SIZE=3><P ALIGN="CENTER">As <BR>
  Restated</B></I></FONT></TD>
  </TR>
  <TR><TD WIDTH="41%" VALIGN="TOP">
  
  <FONT SIZE=3><P>Net income
  </FONT></TD>
  <TD WIDTH="30%" VALIGN="BOTTOM">
  <FONT SIZE=3><P ALIGN="RIGHT">$  6,892,955 </FONT></TD>
  <TD WIDTH="30%" VALIGN="BOTTOM">
  <FONT SIZE=3><P ALIGN="RIGHT">                $  4,371,885 </FONT></TD>
  </TR>
  <TR><TD WIDTH="41%" VALIGN="TOP">
  
  <FONT SIZE=3><P>Diluted earnings per share
  </FONT></TD>
  <TD WIDTH="30%" VALIGN="TOP">
  <FONT SIZE=3><P ALIGN="RIGHT">$           0.63</FONT></TD>
  <TD WIDTH="30%" VALIGN="TOP">
  <FONT SIZE=3><P ALIGN="RIGHT">$           0.32</FONT></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <B><U><P ALIGN="JUSTIFY">&nbsp;</P>
  <P ALIGN="JUSTIFY">&nbsp;</P>
  <P ALIGN="JUSTIFY">Form 10-Q for the quarterly period ended June 30, 2006</P></B></U>
  <P ALIGN="CENTER"><CENTER><TABLE  CELLPADDING=2 WIDTH=626>
  <TR><TD WIDTH="34%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="33%" VALIGN="TOP" COLSPAN=2>
  <B><I><U><FONT SIZE=3><P ALIGN="CENTER">Three Months Ended</B></I></U></FONT></TD>
  <TD WIDTH="33%" VALIGN="TOP" COLSPAN=2>
  <B><I><U><FONT SIZE=3><P ALIGN="CENTER">Six Months Ended</B></I></U></FONT></TD>
  </TR>
  <TR><TD WIDTH="34%" VALIGN="TOP" HEIGHT=42><P></P></TD>
  <TD WIDTH="16%" VALIGN="TOP" HEIGHT=42>
  <B><I><FONT SIZE=3><P ALIGN="CENTER">As Previously Reported</B></I></FONT></TD>
  <TD WIDTH="16%" VALIGN="TOP" HEIGHT=42>
  <B><I><FONT SIZE=3><P ALIGN="CENTER">As <BR>
  Restated</B></I></FONT></TD>
  <TD WIDTH="16%" VALIGN="TOP" HEIGHT=42>
  <B><I><FONT SIZE=3><P ALIGN="CENTER">As Previously Reported</B></I></FONT></TD>
  <TD WIDTH="16%" VALIGN="TOP" HEIGHT=42>
  <B><I><FONT SIZE=3><P ALIGN="CENTER">As <BR>
  Restated</B></I></FONT></TD>
  </TR>
  <TR><TD WIDTH="34%" VALIGN="TOP">
  
  <FONT SIZE=3><P>Net income
  </FONT></TD>
  <TD WIDTH="16%" VALIGN="BOTTOM">
  <FONT SIZE=3><P ALIGN="RIGHT">$  7,121,493 </FONT></TD>
  <TD WIDTH="16%" VALIGN="BOTTOM">
  <FONT SIZE=3><P ALIGN="RIGHT">$  4,086,884 </FONT></TD>
  <TD WIDTH="16%" VALIGN="BOTTOM">
  <FONT SIZE=3><P ALIGN="RIGHT">$  14,014,412 </FONT></TD>
  <TD WIDTH="16%" VALIGN="BOTTOM">
  <FONT SIZE=3><P ALIGN="RIGHT">$  8,458,769 </FONT></TD>
  </TR>
  <TR><TD WIDTH="34%" VALIGN="TOP">
  
  <FONT SIZE=3><P>Diluted earnings per share
  </FONT></TD>
  <TD WIDTH="16%" VALIGN="TOP">
  <FONT SIZE=3><P ALIGN="RIGHT">$           0.53</FONT></TD>
  <TD WIDTH="16%" VALIGN="TOP">
  <FONT SIZE=3><P ALIGN="RIGHT">$           0.30</FONT></TD>
  <TD WIDTH="16%" VALIGN="TOP">
  <FONT SIZE=3><P ALIGN="RIGHT">$             1.02</FONT></TD>
  <TD WIDTH="16%" VALIGN="TOP">
  <FONT SIZE=3><P ALIGN="RIGHT">$           0.62</FONT></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <P ALIGN="JUSTIFY">The results as restated do not purport to be indicative of the results which would actually have occurred.</P>
  <I><FONT SIZE=2 COLOR="#808080"><P ALIGN="CENTER">&nbsp;</P>
  <P ALIGN="CENTER" ><FONT SIZE=2 COLOR ="#708090"><I> Page 2 </I></FONT><BR>
  <HR NOSHADE></P>
  <p Style='page-break-before:always'>
  
  
  <P ALIGN="CENTER">&nbsp;</P>
  <P ALIGN="CENTER">&nbsp;</P>
  </I></FONT><P ALIGN="CENTER">&nbsp;</P>
  <B><P ALIGN="CENTER">SIGNATURE</P>
  </B><P ALIGN="JUSTIFY"></P>
  <P ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
  <P ALIGN="JUSTIFY"></P>
  <P>&nbsp;</P>
  <TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="50%" VALIGN="TOP">
  <P>STIFEL FINANCIAL CORP.</P>
  </TD>
  </TR>
  <TR><TD WIDTH="50%" VALIGN="TOP">
  <P>Date:  November 21, 2006</TD>
  <TD WIDTH="50%" VALIGN="TOP">
  <P>By: <U>/s/ Ronald J. Kruszewski</U>  </TD>
  </TR>
  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="50%" VALIGN="TOP">
  <P>Name: Ronald J. Kruszewski <BR>
  Title: President and Chief Executive Officer </TD>
  </TR>
  </TABLE>
  <P ALIGN="CENTER" ><FONT SIZE=2 COLOR ="#708090"><I> Page 3 </I></FONT><BR>
  <HR NOSHADE></P>
  <p Style='page-break-before:always'>
  
  
  <P>&nbsp;</P>
  <FONT FACE="Courier New" SIZE=2><P>&nbsp;</P></FONT></BODY>
  </HTML>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "r8k_20061121a.htm", "description": "8-K DATED 11/15/2006", "secsgml_size_bytes": 11322}]
metadata_filer: {"company-data": {"conformed-name": "STIFEL FINANCIAL CORP", "cik": "0000720672", "assigned-sic": "6211", "irs-number": "431273600", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09305", "film-number": "061233739"}, "business-address": {"street1": "ATTN: JAMES G. LASCHOBER", "street2": "501 N. BROADWAY", "city": "ST. LOUIS", "state": "MO", "zip": "63102-2102", "phone": "314-342-2000"}, "mail-address": {"street1": "ATTN: JAMES G. LASCHOBER", "street2": "501 N. BROADWAY", "city": "ST. LOUIS", "state": "MO", "zip": "63102-2102"}}
text: UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, DC 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):
  November 15, 2006
  STIFEL FINANCIAL CORP.
  (Exact name of registrant as specified in its charter)
  Delaware
  (State of incorporation)
  1-9305
  (Commission File Number)
  43-1273600
  (IRS Employer
  Identification No.)
  One Financial Plaza
  501 North Broadway
  St. Louis, Missouri 63102-2102
  (Address of principal executive offices, including zip code)
  Registrant's telephone number, including area code
  (314) 342-2000
  ___________________________N/A___________________________
  (Former name or former address, if changed since last report)
  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
  [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Page 1
  Item 4.02(a) Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
  Stifel Financial Corp. (the "Company") discovered an error in the Form 10-K for the year ended December 31, 2005 ("Form 10-K"), specifically, the unaudited pro forma financial data contained in the Notes to Consolidated Financial Statements - Note T Acquisition. The error has no effect on the Company's Consolidated Statement of Financial Condition as of December 31, 2005 and 2004, or its Consolidated Statements of Operations, Stockholders' Equity, and Cash Flows for each of the three years ended December 31, 2005.  The same errors were made in the unaudited pro forma financial data contained in Note G of the Notes to Condensed Consolidated Financial Statements (Unaudited) in the Company's Forms 10-Q for the Quarterly Periods ended March 31, 2006 and June 30, 2006.  The errors in each Form 10-Q has no effect on the Company's Condensed Consolidated Statements of Financial Position, Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows included in the Form 10-Q. On November 15, 2006, the Chief Executive Officer and Chief Financial Officer, with the concurrence of the Audit Committee of the Board of Directors of the Company, concluded that the unaudited pro forma financial data contained in Note T of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K, and the unaudited pro forma financial data in Note G of the Notes to Condensed Consolidated Financial Statements in the Forms 10-Q, should no longer be relied upon.  We have discussed the above matter with our independent registered public accounting firm pursuant to Item 4.02(a) of Form 8-K.
  The Company intends to correct the unaudited pro forma financial data contained in Note T of the Notes to Consolidated Financial Statements in an amended Form 10-K and in the unaudited Pro Forma financial data contained in Note G of the Notes to Condensed Consolidated Financial Statements in the Forms 10-Q as soon as practicable. The following is a summary of the changes to the unaudited pro forma financial data for the combined operations, assuming the transaction had taken place on January 1, 2005:
  Form 10-K for the year ended December 31, 2005
  (in thousands, except per share amounts
  )
  As Previously Reported
  As
  Restated
  Net income
  $  15,581
  $  13,147
  Diluted earnings per share
  $      1.01
  $      0.85
  Form 10-Q for the quarterly period ended March 31, 2006
  As Previously Reported
  As
  Restated
  Net income
  $  6,892,955
  $  4,371,885
  Diluted earnings per share
  $           0.63
  $           0.32
  Form 10-Q for the quarterly period ended June 30, 2006
  Three Months Ended
  Six Months Ended
  As Previously Reported
  As
  Restated
  As Previously Reported
  As
  Restated
  Net income
  $  7,121,493
  $  4,086,884
  $  14,014,412
  $  8,458,769
  Diluted earnings per share
  $           0.53
  $           0.30
  $             1.02
  $           0.62
  The results as restated do not purport to be indicative of the results which would actually have occurred.
  Page 2
  SIGNATURE
  Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  STIFEL FINANCIAL CORP.
  Date:  November 21, 2006
  By:
  /s/ Ronald J. Kruszewski
  Name: Ronald J. Kruszewski
  Title: President and Chief Executive Officer
  Page 3