Defendant Name:
Oppenheimer & Co. Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Oppenheimer Holdings, Inc
SIC Code:
6211
CUSIP:
68379710
Document Reference:
33-9711
Document Details
Legal Case Name
In the Matter of Oppenheimer & Co., Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
27-Jan-2015
Document Format
Administrative Proceeding
AAER
3621
Allegation Type
Broker Dealer
Document Summary
On January 27, 2015, the SEC instituted administrative and cease-and-desist proceedings against Oppenheimer & Co., Inc. According to the SEC: "Oppenheimer engaged in two separate courses of conduct, the first during the period July 2008 through May 2009 ('Oppenheimer I') and the second during the period October 2009 through December 2010 ('Oppenheimer II'), each of which violated the federal securities laws." The SEC stated that: "A penalty amount that includes an additional $10 million is appropriate for the conduct at issue herein, however, in light of the civil money penalty paid by Oppenheimer to FinCEN in In the Matter of Oppenheimer & Co., Inc., Number 2015-01, no additional penalty is being ordered at this time."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Various undertakings
Monetary Penalties:
Disgorgement
Individual:
$4,168,400.00
Shared:
Civil Penalty
Individual:
$5,078,129.00
Shared:
Pre-Judgment Interest
Individual:
$753,471.00
Shared:
Total Penalty
Individual:
$10,000,000.00
Shared:
