Based in Minneapolis, Piper Jaffray, now known as U.S. Bancorp Piper Jaffray, is a leading investment banking and brokerage firm in the United States. Piper Jaffray is accused of making fraudulent transactions in the accounts of dozens of investors between June 1999 and June 2001.
The firm also allegedly published research reports that violated NASD and NYSE rules and failed to disclose large payments for research it had conducted for other firms. In April 2003, Piper Jaffray agreed to a $25 million settlement with the Securities and Exchange Commission.
Stock fraud allegations involving Piper Jaffray include the following securities:
Metromedia Fiber Network, Inc.
Triton Network Systems
If you have been victimized by securities fraud because of Piper Jaffray, it may be important to contact an attorney
who can help you protect your legal rights. Please keep in mind that there may be time limits
within which you must commence suit.
- Securities & Investment Fraud