sec whistleblower attorneys
March 11, 2019
Oppenheimer & Co. Inc., Oppenheimer Asset Management Inc.
Trading and Pricing
SANCTION AMOUNT: $3528377
Defendants: Oppenheimer & Co. Inc., Oppenheimer Asset Management Inc.
Settled charges that Respondents failed to adequately disclose conflicts of interest related to the sale of higher-cost mutual fund share classes that charged 12b-1 fees, when a lower-cost share class was available. The Respondents self-reported the potential violations.
- Key Docs
- Official SEC press release