We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Oppenheimer Coughs Up $800K For Improper Reporting

Law360 (October 4, 2006, 12:00 AM EDT) -- Brokerage Oppenheimer & Co. has been fined $800,000 by regulators after failing to respond to requests for information about its municipal bond trading practices.

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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.