Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Oppenheimer Asset Management Inc. and Oppenheimer Alternative Investment Management, LLC
Current Parent Company: Oppenheimer Holdings
Penalty: $2,800,000
Year: 2013
Date: March 11, 2013
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Oppenheimer agreed to pay $2.8 million in settlement of allegations it misled investors about the valuation policies and performance of a private equity fund. The case was a joint investigation with the SEC New York Office and the Massachusetts AG's Office, and the restitution paid was to investors nationwide, including Massachusetts municipal pension funds and $130,000 penalties to the Commonwealth. The settlement was also announced by the SEC; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
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.