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

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