Violation Tracker Individual Record
: Piper Jaffray & Co.
Current Parent Company
: Piper Sandler
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: May 24, 2010
: financial offenses
: investor protection violation
: The Financial Industry Regulatory Authority fined Piper Jaffray & Co. $700,000 for violations related to its failure to retain approximately 4.3 million emails from November 2002 through December 2008. Piper Jaffray also failed to inform FINRA of its email retention and retrieval issues, which impacted the firm's ability to comply completely with email extraction requests from FINRA. It also may have affected the firm's ability to respond fully to email requests from other regulators or from parties in civil litigation or arbitrations.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
HQ Country of Current Parent
HQ State of Current Parent
Ownership Structure of Current Parent
: publicly traded
Major Industry of Current Parent
: financial services
Specific Industry of Current Parent
: investment management
Source of Data
: (click here)
: FINRA is a securities industry self-regulatory body authorized by the federal government.
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log