Defendant Name: U.S. Bancorp Piper Jaffray, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: U.S. Bancorp
SIC Code: 6021
CUSIP: 90297330

Initial Case Details

Legal Case Name SEC v. U.S. Bancorp Piper Jaffray, Inc.
First Document Date 28-Apr-2003
Initial Filing Format Civil Proceeding
Case Number 03-cv-02942
Allegation Type Investment Advisers/Investment Companies
Federal District Court New York, Southern District of New York

Violations Alleged

Other
• Section 17(b) Securities Act; Rules 2110, 2210(d)(1), 2210(d)(2), 3010 Conduct Rules of NASD; Rules 342, 401, 472, 476(a)(6) NYSE

Resolutions

First Resolution Date 28-Apr-2003
Headline Total Penalty and Disgorgement $32,500,000

Related Documents:

comp18118 28-Apr-2003 Complaint
Complaint
According to the SEC: "Piper Jaffray engaged in acts and practices that created and/or maintained inappropriate influence by investment banking over research analysts, thereby creating conflicts of interest for its research analysts. Piper Jaffray failed to manage these conflicts in an adequate manner."
judge18118 28-Apr-2003 Court Docket Document
Final Judgment as to Defendant U.S. Bancorp Piper Jaffray Inc.
LR-18118 28-Apr-2003 Litigation Release
SEC Sues U.S. Bancorp Piper Jaffray For Research Analyst Conflicts Of Interest; Firm To Settle With SEC, NASD, NYSE, NY Attorney General, And State Regulators
According to the SEC: "The Securities and Exchange Commission announced today that it has settled charges against U.S. Bancorp Piper Jaffray Inc., a Minneapolis, Minnesota-based brokerage firm and investment bank, arising from an investigation of research analyst conflicts of interest. This settlement, and settlements with nine other brokerage firms, are part of the global settlement the firms have reached with the Commission, NASD, Inc., the New York Stock Exchange, Inc. ("NYSE"), the New York Attorney General, and other state regulators. "
LR-21457 19-Mar-2010 Litigation Release
Court Approves Modifications to Global Research Analyst Settlement
On March 19, 2010, the SEC published a litigation release announcing that the Honorable William H. Pauley issued an order approving modifications to the final judgments entered against U.S. Bancorp Piper Jaffray, Inc. and the other firms covered by the Global Research Analyst Settlement.