Piper Sandler (PIPR.N), opens new tab has agreed to pay a total of $16 million as a civil penalty to U.S. regulators to resolve investigations into its record-keeping practices, the investment banking firm said on Tuesday.
The firm will pay $14 million to the U.S. Securities and Exchange Commission (SEC) and $2 million to the Commodity Futures Trading Commission (CFTC) to settle probes into unapproved business-related communications on messaging platforms, according to a company filing.
Source: REUTER
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