CRD #665 · FINRA BrokerCheck + SEC IAPD

Piper Sandler & Co.

According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Piper Sandler & Co. ranks #27 of 20,055 by disclosure count (most disclosures first). Among firms registered in MN, it ranks #1 of 42 on the same disclosure sort used on the state browse page. Piper Sandler & Co. carries 192 BrokerCheck disclosures across 80 branch offices - elevated load for a mid-sized firm, earning a Grade D.

Verify on FINRA BrokerCheck → Browse all firms
Grade D
Safety grade
80
branch offices
192
disclosures
#27 of 20,055
disclosure rank · graded

FINRA BrokerCheck disclosure docket

CRD record 665 Piper Sandler & Co.

Piper Sandler & Co. · Grade D · 192 disc · 2.40/office · Mid-sized firm

  • CRD 665
  • GRADE D
  • DISC 192
  • REG 141
  • ARB 50
  • CIV 1
  • BRANCH 80
  • PER-OFF 2.40
  • RANK #27 of 20,055
  • BOOK Mid-sized firm

Intensity peers

Nearest same-size peer: Robinhood Financial, LLC (2.24 disc/office)

Robinhood Financial, LLC2.24Cantor Fitzgerald & Co.2.62Stonex Financial Inc.2.71Piper Sandler & Co. (this)2.40
Disclosures per office among mid-sized firm peers (lower is cleaner)

Piper Sandler & Co. ranks #27 of 20,055 by disclosure count among graded broker-dealers; elevated load at 2.40 disclosures per office. Verify on FINRA BrokerCheck →

PlainAdvisorCheck rating 2/5 - an editorial, size-normalized signal, not a regulatory determination. Always verify the underlying record on FINRA BrokerCheck before engaging an advisor.

Data updated July 2026

Branch offices

80 offices

FINRA: Large firm

Total disclosures

192 events

On FINRA BrokerCheck

Regulatory events

141 actions

73% of all disclosures

Disclosures per office

2.40 per office

192 ÷ 80 offices

Piper Sandler & Co. vs. every disclosing firm

Disclosures per branch office, the size-normalized signal behind the grade (lower is cleaner)

2 a cleaner per-office record than 9% of 1,251 disclosing firms

0–0: 314 disclosing firms (25%). Below this entry. 0–1: 159 disclosing firms (13%). Below this entry. 1–1: 301 disclosing firms (24%). Below this entry. 1–1: 40 disclosing firms (3%). Below this entry. 1–1: 140 disclosing firms (11%). Below this entry. 1–2: 32 disclosing firms (3%). Below this entry. 2–2: 65 disclosing firms (5%). Below this entry. 2–2: 9 disclosing firms (1%). Below this entry. 2–2: 72 disclosing firms (6%). Below this entry. 2–3: 14 disclosing firms (1%). This entry sits in this band. 3–3: 24 disclosing firms (2%). Above this entry. 3–3: 6 disclosing firms (0%). Above this entry. 3–3: 32 disclosing firms (3%). Above this entry. 3–4: 5 disclosing firms (0%). Above this entry. 4–4: 10 disclosing firms (1%). Above this entry. 4–4: 3 disclosing firms (0%). Above this entry. 4–4: 9 disclosing firms (1%). Above this entry. 4–5: 3 disclosing firms (0%). Above this entry. 5–5: 11 disclosing firms (1%). Above this entry. 5–5: 2 disclosing firms (0%). Above this entry. This firm 0 5 every disclosing firm, by disclosures per office, bucketed by value

Each bar is a band; taller bars hold more disclosing firms. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FINRA BrokerCheck · SEC IAPD · 2026

Disclosure Breakdown

Disclosure Type Count
Regulatory Events 141
Arbitrations 50
Civil Events 1
Total 192

Counts for Piper Sandler & Co. reflect events reported on FINRA BrokerCheck as of July 2026. Disclosures are reported events, not proven violations.

Disclosure category share

Regulatory 141 Arbitration 50 Civil 1

Firm Details

Firm Size
Large
Scope
ACTIVE
Location
Minneapolis, MN
CRD Number
665

Elevated disclosures per office

Piper Sandler & Co. in the heavier-disclosure third

Piper Sandler & Co. carries 192 BrokerCheck disclosures across 80 branch offices - a heavier-third raw book among graded firms (#27 of 20,055). Regulator-initiated events are 73% of the book (141 regulatory / 50 arbitration / 1 civil).

Piper Sandler & Co. runs 2.40 disclosures per branch office (cleaner than only 91% of disclosing multi-office firms). Verify on FINRA BrokerCheck ↗ · how disclosures are interpreted.

Educational summary of Piper Sandler & Co.'s disclosure book - not financial advice. Disclosures are reported events, not proven violations; consult a licensed advisor before decisions.

Minnesota cohort · 15× state average

Piper Sandler & Co. sits above the Minnesota disclosure average

Piper Sandler & Co. reports 192 BrokerCheck disclosures, 15× the Minnesota average of 13.1 across 42 graded firms with a principal-office state on file.

In Minnesota, 18 firms carry Grade A and 1 carry Grade F on the same size-normalized scale.

Average uses graded firms with a principal-office state on file, not a full 50-state census. Open the Minnesota state book →

Source: FINRA BrokerCheck & SEC IAPD Public Disclosure Data

Frequently Asked Questions

Where does Piper Sandler & Co. sit among graded broker-dealers by disclosure count?
According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Piper Sandler & Co. ranks #27 of 20,055 by disclosure count (most disclosures first). Among firms registered in MN, it ranks #1 of 42 on the same disclosure sort used on the state browse page. Ordinals match the disclosure-first sort documented on our methodology corpus-placement section. A high disclosure rank is not automatically a finding of wrongdoing; larger firms accumulate more reported events. Always review the underlying FINRA BrokerCheck detail before engaging.
What does a grade of D mean for Piper Sandler & Co.?
A grade of D reflects Piper Sandler & Co.'s disclosure intensity, its weighted disclosure load per branch office, ranked against other firms of a similar size (mid-sized firm). It carries 192 total disclosures across 80 branch offices. Review the specific disclosures on FINRA BrokerCheck before engaging.
How many FINRA disclosures does Piper Sandler & Co. have?
Piper Sandler & Co. has 192 total FINRA disclosures, including 141 regulatory events, 50 arbitrations, 1 civil event. Disclosures reflect reported events on FINRA BrokerCheck and do not necessarily indicate proven violations.
How big is Piper Sandler & Co.?
Piper Sandler & Co. operates 80 branch offices and is classified by FINRA as a large firm, registered in MN (Mid-sized firm). FINRA BrokerCheck publishes branch-office counts but not a firmwide registered-representative headcount, so PlainAdvisorCheck measures firm size by branch footprint.
Where can I verify Piper Sandler & Co.'s disciplinary record?
You can verify Piper Sandler & Co.'s full disciplinary history on FINRA BrokerCheck at brokercheck.finra.org using CRD number 665. BrokerCheck provides detailed information about individual registered representatives, complaints, and regulatory actions.
What is a FINRA disclosure?
A FINRA disclosure is a reported event (regulatory, arbitration, or civil). Piper Sandler & Co.'s 192 events mean reading the underlying BrokerCheck detail matters more than the raw count alone.
Should I avoid Piper Sandler & Co. because of its disclosures?
Not necessarily. Larger firms accumulate more disclosures simply because they operate more offices, so PlainAdvisorCheck grades each firm against same-size peers rather than on raw counts. Piper Sandler & Co. carries 192 disclosures across 80 branch offices (about 2.40 per office). Review the nature of individual disclosures on FINRA BrokerCheck before making a decision.

Nationwide peers by disclosures or branches

Two PlainAdvisorCheck-derived peer sets for Piper Sandler & Co., both outside MN so the neighborhoods are not state containment (the same-size intensity list below stays size-tier local).

Read with this firm

Read our methodology - heavier-disclosure firms: how raw counts and per-office intensity are graded.

Retrieved and formatted by PlainAdvisorCheck from FINRA BrokerCheck public records.

Every figure on PlainAdvisorCheck is rendered directly from FINRA BrokerCheck and SEC IAPD disciplinary records, no number is typed in by an editor. This page draws directly on FINRA BrokerCheck and SEC IAPD data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of July 2026.