Defendant Name: Oppenheimer & Co. Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Oppenheimer Holdings, Inc
SIC Code: 6211
CUSIP: 68379710

Initial Case Details

Legal Case Name SEC v. Oppenheimer & Co. Inc.
First Document Date 13-Sep-2022
Initial Filing Format Civil Proceeding
Case Number 22-cv-07801
Allegation Type Municipal Securities & Public Pensions
Federal District Court New York, Southern District of New York

Violations Alleged

Other
• Section 15B(c)(1) Exchange Act; Rule 15c2-12 Exchange Act

Resolutions

First Resolution Date 10-Dec-2025
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

comp-pr2022-161 13-Sep-2022 Complaint
Complaint
The SEC stated: "This action concerns Oppenheimer's repeated failures to comply with the requirements of the 'Limited Offering Exemption,' which exempts certain 'Limited Offerings' of municipal securities from the general requirement to provide disclosures to investors."
LR-25505 13-Sep-2022 Litigation Release
SEC Charges Four Underwriters in First Actions Enforcing Municipal Bond Disclosure Law
On September 13, 2022, the SEC "filed a litigated action against Oppenheimer & Co. Inc. and separately announced settlements with BNY Mellon Capital Markets LLC, TD Securities (USA) LLC, and Jefferies LLC, charging each of the four firms with failing to comply with municipal bond offering disclosure requirements. These are the first SEC actions addressing underwriters who fail to meet the legal requirements that would exempt them from obtaining disclosures for investors in certain offerings of municipal bonds."
2022-161_22-cv-07801 13-Sep-2022 Press Release--Civil Action
SEC Charges Four Underwriters in First Actions Enforcing Municipal Bond Disclosure Law
On September 13, 2022, the Securities and Exchange Commission filed "a litigated action against Oppenheimer & Co. Inc. and separately announced settlements with BNY Mellon Capital Markets LLC, TD Securities (USA) LLC, and Jefferies LLC, charging each of the four firms with failing to comply with municipal bond offering disclosure requirements. These are the first SEC actions addressing underwriters who fail to meet the legal requirements that would exempt them from obtaining disclosures for investors in certain offerings of municipal bonds."
court_doc56_22-cv-07801 10-Dec-2025 Court Docket Document
Final Judgment as to Defendant Oppenheimer & Co. Inc.
The Court stated: "The Securities and Exchange Commission having filed a Complaint and Defendant Oppenheimer & Co. Inc. having entered a general appearance; consented to the Court’s jurisdiction over it and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction and except as otherwise provided in the Consent); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment"
LR-26435 12-Dec-2025 Litigation Release
SEC Obtains Final Consent Judgment as to Oppenheimer & Co. Inc. Regarding Alleged Failure to Comply with Municipal Bond Offering Disclosure Requirements
The SEC stated: "On December 10, 2025, the U.S. District Court for the Southern District of New York entered a final consent judgment in the SEC’s civil enforcement action . . . against New York-based Oppenheimer & Co. Inc."