Tagged with "Oppenheimer"

Oppenheimer Faces Class Action Suit Over Ponzi Scheme – Horizon Private Equity

Posted on September 13th, 2021 at 12:20 PM
Oppenheimer Faces Class Action Suit Over Ponzi Scheme – Horizon Private Equity

Oppenheimer & Co. (Oppenheimer) is facing a proposed class-action suit alleging that a $110 million Ponzi scheme was conducted by one of the investment banking company’s advisors.

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79 Investment Firms Agree to Reimburse $125 Million In Fund Fees to Investors

Posted on March 14th, 2019 at 3:48 PM
79 Investment Firms Agree to Reimburse $125 Million In Fund Fees to Investors

According to the SEC, 79 investment firms, including LPL Financial, Raymond James, Oppenheimer, and Wells Fargo have agreed to return more than $125 million to investors for failing to report conflicts of interest in their sale of mutual funds.

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FINRA Sanctions Oppenheimer & Co. $3.4 Million For Assorted Misdeeds

Posted on November 26th, 2016 at 10:00 AM
FINRA Sanctions Oppenheimer & Co. $3.4 Million For Assorted Misdeeds

FINRA has fined Oppenheimer & Co. Inc. $1.575 million and ordered the firm to pay $1.85 million to customers for violating several FINRA rules. In consenting to the settlement agreement, Oppenheimer neither has admitted nor denied the charges. 

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