Defendant Name:
U.S. Bancorp Piper Jaffray, Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-21457
Document Details
Legal Case Name
SEC v. U.S. Bancorp Piper Jaffray, Inc.
Document Name
Court Approves Modifications to Global Research Analyst Settlement
Document Date
19-Mar-2010
Document Format
Civil Proceeding
Case Number
03-cv-02942
Federal District Court
New York, Southern District of New York
Federal District Judge
William H. Pauley III
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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.
Disgorgement & Penalty Information
Resolutions
Approving modifications to the final judgments entered against the twelve firms covered by the Global Research Analyst Settlement.
Related Documents:
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."
Final Judgment as to Defendant
U.S. Bancorp Piper Jaffray Inc.
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. "
Global Research Analyst Settlement; SEC Consents to Termination of Undertakings in Global Research Analyst Settlement
On December 5, 2025, the SEC stated that: "[It] consented to modifications to the
October 2003 . . . and September 2004 . . . final judgments against settling firms still
covered by the Global Research Analyst Settlement, a global settlement of SEC and other
enforcement actions against twelve investment banks and two individuals. The modifications
are subject to court approval."
Response to Defendants' Motion to Modify Final Judgment
The SEC stated: "[T]he Securities and
Exchange Commission (SEC) consents to the relief sought by the motions and
agrees that the final judgments should be modified as reflected in the proposed
orders submitted by each respective Defendant. . . . Based on these unique facts and circumstances, the SEC believes
modification of the Judgment is in the public interest."
court_doc156_03-cv-02942
08-Dec-2025
Court Docket Document
Order Granting Defendants' Motions to Modify Final Judgment
The court granted the Defendants' motions to modify the final judgment and enter amended final judgment terminating injunctive relief undertakings.
