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Violation Tracker Individual Record

Company: U.S. Bancorp Piper Jaffray Inc.
Current Parent CompanyPiper Sandler
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $2,625,000
Year: 2003
Date: October 29, 2003
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: U.S. Bancorp Piper Jaffray agreed to set up a $1.5 million restitution fund, pay $125,000 in costs and a $1 million fine in settlement of allegations it failed to reasonably supervise a salesperson who was accused of fraudulent securities transactions.
Level of Government: state
Action Type: agency action
Agency: Montana Commissioner of Securities & Insurance
Civil or Criminal Case: civil
Facility State: Montana
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.