{"id":606,"date":"2009-11-25T19:28:09","date_gmt":"2009-11-25T19:28:09","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/11\/finra_bars_former_piper_jaffra"},"modified":"2022-03-09T15:59:12","modified_gmt":"2022-03-09T21:59:12","slug":"finra-bars-former-piper-jaffra","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-former-piper-jaffra\/","title":{"rendered":"FINRA Bars Former Piper Jaffray & Co. Broker from Industry for Insider Trading"},"content":{"rendered":"

\t\t\t\tThe Financial Industry Regulatory Authority is barring a former Piper Jaffray & Co. broker from the securities industry. The broker was accused of insider trading<\/a>. He has agreed to the ban and has settled the FINRA charges without denying or admitting wrongdoing. <\/p>\n

From 2007 until this July, the broker worked in Piper Jaffray & Co.’s investment banking department. Piper Jaffray was the confidential adviser of SoftBrands while the company considered potential buyers. Those at the advisory firm with access to information about the acquision were not allowed to buy SoftBrands shares. Yet on June 4 and 5, this broker bought 27,161 SoftBrands shares. On June 12, when SoftBrands announced its acquisition by Golden Gate Capital and Infor Global Solutions-an $80 million transaction. SoftBrands’s stock price almost doubled. <\/p>\n

The shares at issue, previously bought at $.42 and.$.45 per share, were then sold at $.89 per share resulting in a profit of $11,955 on the transactions. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority is barring a former Piper Jaffray & Co. broker from the securities industry. The broker was accused of insider trading. He has agreed to the ban and has settled the FINRA charges without denying or admitting wrongdoing. From 2007 until this July, the broker worked in Piper Jaffray & Co.’s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3752,3811,3909],"tags":[],"class_list":["post-606","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-financial-firms","category-insider-trading","category-piper-jaffray"],"yoast_head":"\nFINRA Bars Former Piper Jaffray & Co. 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