Piper Jaffray, building a leading middle market investment bank and institutional securities firm.
The capital markets continued to experience challenging conditions industrywide, which was a significant driver in our firm's $5.1 million net loss in continuing operations which is detailed in our earnings announcement.
Piper Jaffray has hired one of the leading figures in renewable energy and clean technology, Doug Cameron, as managing director and chief science advisor to help build the firm's global franchise in this emerging industry.
As Andrew Duff noted in his recent CEO message, Piper Jaffray & Co. continues to grow its public finance business across the United States. With the addition of eight new bankers, the firm further strengthens its presence on the east and west coasts, as well as its expertise in municipal finance banking and project finance.
Piper Jaffray Companies is a leading, international middle-market investment bank and institutional securities firm.
We serve the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors.
On July 15, 2008, the Securities and Exchange Commission (SEC) issued an emergency order which, effective as of July 21, 2008, prohibits short sales in certain securities unless the seller has first borrowed or arranged to borrow the subject security (i.e., a "pre-borrow") for delivery on settlement date of the trade.