Defendant Name:
Oppenheimer & Co. Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Oppenheimer Holdings, Inc
SIC Code:
6211
CUSIP:
68379710
Document Reference:
34-73509
Document Details
Legal Case Name
In the Matter of Oppenheimer & Co., Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b), 15B(c)(2) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
03-Nov-2014
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
On November 3, 2014, the SEC instituted settled administrative and cease-and-desist proceedings against Oppenheimer & Co. Inc. According to the SEC: "These proceedings involve the sale of non-investment grade of 'junk' bonds issued by the Commonwealth of Puerto Rico ('Puerto Rico') by Oppenheimer, a registered broker-dealer and municipal securities dealer, to customers in amounts below the minimum denomination of the issue."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Various undertakings
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$61,200.00
Shared: