The Financial Industry Regulatory Authority (FINRA) mandated that Oppenheimer & Co. Inc. compensate several victims of a Ponzi scheme with nearly $14 million. The scheme, which targeted 400 elderly investors, was orchestrated by a former Oppenheimer broker, John J. Woods. These investors purchased shares in the purported Ponzi scheme, known as the Horizon Private Equity […]
In a recent turn of events, a customer of Oppenheimer & Co. has been awarded $1.4 million in compensatory damages for their losses in the Horizon Private Equity III fund. This development comes after the filing of FINRA arbitration case 22-00866 last year, which involved an investigation into Oppenheimer & Co.’s sale of the Horizon
FINRA Awards Oppenheimer Customer $1.4M for Horizon Private Equity III Fund Losses Read More »
The sales of complex exchange-traded funds and penny stocks by the advisors of Oppenheimer, and several other matters, have been attracting the interest of regulators for a long time. The company has recently been asked to pay $36.7 million by an arbitration panel of the Financial Industry Regulatory Authority (FINRA) to a set of 8
Oppenheimer Ordered to Pay $36.7 Million Due to Woods Ponzi Scheme Read More »
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How Can Oil Investors Recover Losses? Read More »