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

Investment Firm Pays $4.4M For Rule Violations

Law360 (January 2, 2006, 12:00 AM EST) -- Investment boutique Oppenheimer & Co., facing the wrath of three regulatory agencies over rule violations, has agreed to pay $4.4 million in fines to settle claims against the firm.

The settlement brings to a close several investigations by the U.S. Treasury Department, the New York Stock Exchange, and the National Association of Securities Dealers.

The NYSE also censured Oppenheimer, chastising the firm for failing to provide adequate managerial oversight.

“A broker-dealer cannot place the financial markets, and its customers, at risk by its own inadequacies, especially...
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.