Public records provided by the Financial Industry Regulatory Authority (FINRA) on February 9, 2017 indicate that New York-based broker-dealer Oppenheimer & Company has been sanctioned over alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Oppenheimer & Company (CRD# 249).
Founded in New York in 1954, Oppenheimer & Company is headquartered in New York, New York and registered with 52 US states and territories. Albert Lowenthal is Chairman, Director and Chief Executive Officer; Games Gianni is Chief Compliance Officer; Jeffrey Alfano is Chief Financial Officer; Douglas Siegel is Chief Compliance Officer of Oppenheimer Companies. Oppenheimer’s parent company is Viner Finance.
According to the firm’s BrokerCheck report, Oppenheimer & Company has been the subject of 88 regulatory events and 180 customer complaints that evolved into arbitration.
In November 2016 FINRA sanctioned Oppenheimer & Company following allegations that the firm “failed on 43 occasions to provide written notification disclosing to its customer the call date and dollar price of the call in 43 transactions in municipal securities executed on the basis of a yield to call.” FINRA’s findings stated that Oppenheimer & Company additionally “failed on three occasions to provide written notification disclosing to its customer the correct lowest effective yield in three transactions in municipal securities” and “provided on one occasion written notification improperly disclosing to its customer a yield to call in one transaction in a municipal security with a variable interest rate.” These alleged actions represent violations of MSRB Rule G-15. Oppenheimer & Company has signed a letter of Acceptance, Waiver & Consent (No. 20150444846-01) agreeing to a censure and a fine of $20,000.
If you or someone you know has complaints regarding Oppenheimer & Company, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.