SEC v PIPER CAPITAL MANAGEMENT, INC., MARIJO A. GOLDSTEIN, et al


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Keywords & Phrases

CaseNo: 33-8276, Defendant: Piper Capital Management, Inc., Marijo A. Goldstein, Robert H. Nelson, Amy K. Johnson, and Molly J. Destro Rel. Nos. 34-48409, IC-26167, IA-2163, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>33-8276, Fund, Securities, Goldstein, Act, Violations, Pricing, Destro, Johnson, Investment, Nelson, Price, Exchange Act, Report, Pcm, Disclosure, Nav, Commission, Investment Adviser, Investment Company, Proceeding, Iftc, Material Fact, Respondents, Piper Capital Management, Cmos, Fraudulent, Investment Policy, Portfolio Manager, Future Violations, Disclosure Documents , ContentID: 120255935

Case Documents

2003-08-26

SEC COMMISSION OPINION
[ see first page and extracted highlights below ] ItemID: 133225

43 pages
HTML

Total Documents: 1 document , 43 pages

Price: $ 19.95

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1 . SEC COMMISSION OPINION

EXTRACTED KEY WORDS

SECURITIES
GOLDSTEIN
ACT
VIOLATIONS
PRICING
DESTRO
JOHNSON
INVESTMENT
NELSON
PRICE
EXCHANGE ACT
REPORT
PCM
DISCLOSURE
NAV
COMMISSION
INVESTMENT ADVISER
INVESTMENT COMPANY
PROCEEDING
IFTC
MATERIAL FACT
RESPONDENTS
PIPER CAPITAL MANAGEMENT
CMOS
FRAUDULENT
INVESTMENT POLICY
PORTFOLIO MANAGER
FUTURE VIOLATIONS
DISCLOSURE DOCUMENTS

Securities and Exchange Commission
Washington, D.C.

Securities Act of 1933
Rel. No. 8276 / August 26, 2003

Securities Exchange Act of 1934
Rel. No. 48409 / August 26, 2003

Investment Company Act of 1940
Rel. No. 26167 / August 26, 2003

Investment Advisers Act of 1940
Rel. No. 2163 / August 26, 2003

Admin. Proc. File No. 3-9657
     _________________________________________________________________

   In the Matter of

   PIPER CAPITAL MANAGEMENT, INC.,
   MARIJO A. GOLDSTEIN,
   ROBERT H. NELSON,
   AMY K. JOHNSON, and
   MOLLY J. DESTRO
     _________________________________________________________________

   OPINION OF THE COMMISSION

   CEASE-AND-DESIST PROCEEDING
   INVESTMENT ADVISER PROCEEDING
   INVESTMENT COMPANY PROCEEDING

   Grounds for Remedial Action

   Antifraud Violations
   Violations of Disclosure Requirements
   Fraudulent Pricing of Net Asset Value

   Accounts and Records Violations
   Falsification of Reports

   Aiding, Abetting, and Causing Unlawful Change of Investment Policy

   Registered investment adviser and associated person made fraudulent
   statements and omitted material facts in connection with the offer and
   sale of fund securities. Adviser aided, abetted, and was a cause of
   changes in managed fund's investment policy without shareholder

SNIPPETS:

Securities and Exchange Commission

Securities Exchange Act of 1934

Investment Advisers Act of 1940

CEASE-AND-DESIST PROCEEDING INVESTMENT ADVISER PROCEEDING

INVESTMENT COMPANY PROCEEDING

Antifraud Violations Violations of Disclosure Requirements

Registered investment adviser and associated person made fraudulent statements and omitted

Adviser aided, abetted, and was a cause of changes in managed fund's investment policy

Held, it is in the public interest to revoke the investment adviser's registration; order the

and, of Leonard, Street, and Deinard, for Piper Capital Management, Inc.

and, of Foley & Lardner, and, of Bradshaw, Fowler, Proctor & Fairgrave, for Marijo A.