Violation Tracker Individual Record

Company: 
Josephthal & Co., Inc.
Current Parent Company: 
Oppenheimer Holdings
Penalty: 
$2,300,000
Year: 
2001
Date: 
May 22, 2001
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

An NASD Regulation Hearing Panel ordered Josephthal & Co., Inc. of New York City to pay fines, restitution and interest to more than 360 customers defrauded in a scheme using what the Panel called "tactics typically associated with 'boiler room' operations."

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Notes: 

FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.