Defendant Name:
Piper Jaffray & Co.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Piper Jaffray Companies
SIC Code:
6211
CUSIP:
72407810
Document Reference:
33-9837
Document Details
Legal Case Name
In the Matter of Piper Jaffray & Co.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
18-Jun-2015
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
On June 18, 2015, the SEC instituted settled administrative proceedings against Piper Jaffray & Co. According to the Commission: "This matter involves violations of an antifraud provision of the federal securities laws in connection with Respondent's underwriting of certain municipal securities offerings. Respondent conducted inadequate due diligence in certain offerings and as a result, failed to form a reasonable basis for believing the truthfulness of certain material representations in official statements issued in connection with those offerings."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
Various undertakings; Remedial Sancions
Cooperation Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$500,000.00
Shared: