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.