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Violation Tracker Individual Record

Company: OppenheimerFunds, Inc.
Current Parent Company: Invesco
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $77,230,000
Year: 2009
Date: December 22, 2009
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: OppenheimerFunds, Inc. agreed to pay in settlement of allegations it mismanaged funds in the state's college savings plan.
Level of Government: state
Action Type: agency action
Agency: Illinois Attorney General
Civil or Criminal Case: civil
Facility State: Illinois
HQ Country of Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment management
Source of Data: (click here)
Notes: Illinois worked with other states, but it appears settlements are separate.
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.