NYSE Disciplines Errant Company

Law360, New York (July 11, 2007, 12:00 AM EDT) -- Financial services company Piper Jaffray & Co. will pay $150,000 to settle charges that it violated the U.S. Securities and Exchange Commission’s rules on short selling and other violations, becoming one of several firms to settle claims with the New York Stock Exchange in July.

An NYSE hearing board in May alleged that the firm violated the U.S. Securities and Exchange Commission's short sale rules between January 2005 and May 2005, the NYSE said Tuesday.

The board also found that Piper Jaffray failed to mark some...
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