Violation Tracker Individual Record
: Piper Jaffray Inc.
Current Parent Company
: Piper Sandler
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: April 6, 2000
: financial offenses
: investor protection violation
: NASD Regulation, Inc. censured seven brokerage firms for engaging in the practice of yield burning and ordered them to pay a total of $21.4 million to the U.S. Treasury, under an agreement with the Internal Revenue Service and the United States Attorney for the Southern District of New York, and to pay disgorgement directly to 38 municipal issuers. The NASD press release did not specify how much each firm would pay. That information was obtained from an April 7, 2000 Associated Press article retrieved via Nexis.
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. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log