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Finra arbitrators order Oppenheimer to pay nearly $14M to Florida retirees
The award is another loss for the firm in a case involving a Ponzi scheme that was run from an Oppenheimer branch office in Atlanta by former broker John J. Woods.
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 fails to overturn $36.7 million arbitration loss
The firm lost the huge arbitration decision, which was decided by a Finra panel, last year to eight investors who were sold a private equity fund by a former Oppenheimer broker, John Woods.
Oppenheimer moves to cancel $36.7 million arbitration decision
While the firm filed a motion to vacate the award in Superior Court in DeKalb County, Georgia, it's extremely rare for courts to overturn Finra arbitration decisions.
Oppenheimer points to arbitrator’s military service as conflict: Attorney
Oppenheimer's charge of "evident partiality" by an arbitrator in the $36.7 million decision it lost last week revisits the question of fairness in arbitration proceedings.
Oppenheimer loses Finra arbitration of $36.7 million stemming from alleged Ponzi
The investors cited a violation of Georgia's RICO law to boost their award against Oppenheimer.
Oppenheimer rep managing $180 million joins Linsco
Randall Pickett joins LPL’s employee channel. The Pickett Group of LPL Financial will be the second team to join the Linsco office in Dallas.
Oppenheimer launches updated prospecting platform
The initiative was originally launched with existing technology in 2020 and through a partnership with InvestCloud, is now ready to onboard new clients.
Oppenheimer adviser managing $550 million goes indie with LPL
Ken South and his team open Tower 68 Financial Advisors in Newport Beach, California.
Trio managing $421 million at Oppenheimer launch RIA
The newly minted advisory firm, Oxler Private Wealth, has chosen Pershing as its custodian
Oppenheimer’s tech stack gets a makeover with InvestCloud
The broker-dealer tapped InvestCloud to speed up client onboarding and retention for the firm's 1,000 advisers
Oppenheimer to pay $3.8 million to customers over UIT charges
Finra also fines firm $800,000 for failure to supervise UIT rollovers
Oppenheimer & Co. loses $420M broker, manager to Raymond James
Philadelphia-based Richard Grobman leaves with branch's administrative manager.
Finra hits Oppenheimer & Co. with $3.4M penalty for reporting, fee-waiver failures
Finra imposed $3.4 million in sanctions on Oppenheimer & Co. Inc. for the firm’s missteps in reporting internal…
Study: Some 20% of Oppenheimer financial advisers cited for misconduct
A new working paper by business school professors at the University of Chicago and University of Minnesota also found that industry-wide 7% of financial advisers have been disciplined for misconduct.
Market-Q gets big client with Oppenheimer & Co.
Market data platform supplants Thomson Reuters.
