Oppenheimer Coughs Up $800K For Improper Reporting
The National Association of Securities Dealers fined the firm after repeat requests for information about the muni bond practices did not yield the proper documents.
“Firms must respond timely and completely to regulatory requests, report transactions timely and accurately, and maintain business-related electronic communications,” NASD enforcement head James Shorris said.
The regulator alleged that between January 2003 and May 2004, Oppenheimer failed...
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