Full text of Piper Sandler & Co.'s X-17A-5 filed 2026-02-26 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # STATEMENT OF FINANCIAL CONDITION Piper Sandler & Co. (A Wholly Owned Subsidiary of Piper Sandler Companies) SEC File Number: 8-1-5204 As of December 31, 2025 With Report of Independent Registered Public Accounting Firm {1}------------------------------------------------ ### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** **OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12** **8-1-5204** **OMB APPROVAL** **SEC FILE NUMBER** # **ANNUAL REPORTS FORM X-17A-5 PART III** | FACING PAGE | |-------------| **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ AND ENDING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ MM/DD/YY MM/DD/YY 01/01/25 12/31/25 # **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: **Piper Sandler & Co.** TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer Security-based swap dealer Major security-based swap participant Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) **350 North 5th Street, Suite 1000** | (No. and Street) | | | | | | |----------------------------------------------|--------------------------------|--------------------|--|--|--| | Minneapolis | MN | 55401 | | | | | (City) | (State) | (Zip Code) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Katherine P. Clune | (212) 466-7799 | kate.clune@psc.com | | | | | (Name) | (Area Code − Telephone Number) | (Email Address) | | | | ## **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* **Ernst & Young LLP** | (Name − if individual, state last, first, and middle name) | | | | | | | |------------------------------------------------------------|-------------|--------------------------------------------|------------|--|--|--| | 700 Nicollet Mall, Suite 500 | Minneapolis | MN | 55402 | | | | | (Address) | (City) | (State) | (Zip Code) | | | | | 10/20/2003 | | 42 | | | | | | (Date of Registration with PCAOB, if applicable) | | (PCAOB Registration Number, if applicable) | | | | | **FOR OFFICIAL USE ONLY** *\*Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstance…Read the full text as markdown