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

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."