Oppenheimer loses another arbitration case over alleged Ponzi scheme
The $1.5 million award to two investors follows a $36.7 million loss for Oppenheimer last September in a dispute involving the Horizon Private Equity III fund.
Oppenheimer & Co. Inc. last week lost another Finra arbitration case involving an alleged Ponzi scheme run by a former broker.
A unanimous three-person Financial Industry Regulatory Authority Inc. arbitration panel ordered Oppenheimer to pay $1,483,670 in compensatory damages to two investors
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