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Violation Tracker Individual Record

Company: OppenheimerFunds Inc.
Current Parent CompanyInvesco
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Recap of Ownership Changes subscribe to see this data field
Penalty: $35,000,000
Year: 2012
Date: June 6, 2012
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Securities and Exchange Commission announced a settlement with investment management company OppenheimerFunds Inc. of allegations that its sales and distribution arm made misleading statements about two of its mutual funds struggling in the midst of the credit crisis in late 2008.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
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
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.