Defendant Name:
Piper Jaffray & Co.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Piper Jaffray Companies
SIC Code:
6211
CUSIP:
72407810
Document Reference:
33-9472
Document Details
Legal Case Name
In the Matter of Piper Jaffray & Co. and Jane Towery
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b) and 15(B)(c) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
05-Nov-2013
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
On November 5, 2013, the SEC filed settled administrative proceedings against Piper Jaffray & Co. According to the SEC: "In 2011, the Greater Wenatchee Regional Events Center Public Facilities District ('District') defaulted on $41.77 million in Bond Anticipation Notes ('BANs') it had issued in November 2008 to finance a multi-use arena and ice hockey rink (the 'Regional Center') located in the City of Wenatchee, Washington (the 'City'). Piper Jaffray & Co. ('Piper') served as the sole underwriter for the BANs and Jane Towery was the lead investment banker. The Official Statement for the BANs was materially false and misleading."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Various undertakings
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$300,000.00
Shared:
Other Defendants in Action: