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Oppenheimer Company Inc

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BUSINESS
September 15, 2005 | From Bloomberg News
OppenheimerFunds Inc., the mutual-fund unit of MassMutual Financial Group, on Wednesday settled charges by federal regulators that it improperly used shareholders' money to pay marketing expenses. The company didn't disclose that, from 2000 to 2003, brokerage firms were paid to promote its funds with trading commissions drawn from fund assets, the Securities and Exchange Commission said.
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BUSINESS
October 5, 2006 | From Bloomberg News
Oppenheimer Holdings Inc. agreed Wednesday to pay $800,000 to settle NASD accusations that it didn't report thousands of municipal securities transactions, deleted e-mails and failed to turn over information. It is the brokerage's third-largest fine in the last year for reporting or regulatory failings. NASD found that Oppenheimer & Co.
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BUSINESS
October 5, 2006 | From Bloomberg News
Oppenheimer Holdings Inc. agreed Wednesday to pay $800,000 to settle NASD accusations that it didn't report thousands of municipal securities transactions, deleted e-mails and failed to turn over information. It is the brokerage's third-largest fine in the last year for reporting or regulatory failings. NASD found that Oppenheimer & Co.
BUSINESS
January 10, 2006 | From Dow Jones/Associated Press
Oppenheimer & Co. and Chief Executive Albert Lowenthal were charged by the NASD with "knowingly producing inaccurate data" as part of a probe of discount practices in the selling of mutual funds. The NASD said Monday that in a separate action it fined the Toronto-based investment firm $250,000 for being late in reporting potential misconduct by brokers. A spokesman for Oppenheimer couldn't immediately be reached for comment. The NASD, formerly the National Assn.
BUSINESS
October 4, 1988 | United Press International
Graphic Dynamics Inc. has retained Oppenheimer & Co. of New York and Boston as its financial adviser in the anticipated sale of an industrial revenue bond, company representatives said. GDI, one of the largest commercial printers in Broward County, is preparing to offer an $8.2-million industrial revenue bond this year. Bond proceeds will be used for continuation of a plant and equipment expansion valued at $10 million, the company said.
BUSINESS
January 10, 2006 | From Dow Jones/Associated Press
Oppenheimer & Co. and Chief Executive Albert Lowenthal were charged by the NASD with "knowingly producing inaccurate data" as part of a probe of discount practices in the selling of mutual funds. The NASD said Monday that in a separate action it fined the Toronto-based investment firm $250,000 for being late in reporting potential misconduct by brokers. A spokesman for Oppenheimer couldn't immediately be reached for comment. The NASD, formerly the National Assn.
BUSINESS
December 30, 2005 | From Reuters
Oppenheimer & Co. said Thursday that it settled regulatory matters under which it was being fined $4.4 million, including a fine relating to anti-money-laundering issues brought by the New York Stock Exchange. The NYSE, together with the Treasury Department's Financial Crimes Enforcement Network, or FinCEN, said the New York-based financial services firm was being fined $2.8 million relating to failures found in its anti-money laundering program.
BUSINESS
January 24, 1989 | AL DELUGACH, Times Staff Writer
Responding to a $150-million cash takeover offer, Arizona developer Del Webb Corp. sued the Los Angeles-based Calmark Holding Corp. investment group for allegedly misleading the public in filings with the government concerning the proposed acquisition. Privately owned Calmark develops, manages and syndicates residential and commercial real estate. Last December, Calmark bought the Vagabond hotel chain from imprisoned Wall Street speculator Ivan F. Boesky.
NEWS
October 28, 1989 | SCOT J. PALTROW, TIMES STAFF WRITER
Some of Wall Street's biggest firms are backing off from a form of computerized trading that is widely blamed for making the stock market more volatile. The strongest backlash against computer-driven "program trading" came Friday, when three of the best-known brokerages--Morgan Stanley & Co., Bear, Stearns & Co. and Oppenheimer & Co.--said they will stop using the technique, at least temporarily, when buying and selling securities with their own money.
BUSINESS
December 30, 2005 | From Reuters
Oppenheimer & Co. said Thursday that it settled regulatory matters under which it was being fined $4.4 million, including a fine relating to anti-money-laundering issues brought by the New York Stock Exchange. The NYSE, together with the Treasury Department's Financial Crimes Enforcement Network, or FinCEN, said the New York-based financial services firm was being fined $2.8 million relating to failures found in its anti-money laundering program.
BUSINESS
September 15, 2005 | From Bloomberg News
OppenheimerFunds Inc., the mutual-fund unit of MassMutual Financial Group, on Wednesday settled charges by federal regulators that it improperly used shareholders' money to pay marketing expenses. The company didn't disclose that, from 2000 to 2003, brokerage firms were paid to promote its funds with trading commissions drawn from fund assets, the Securities and Exchange Commission said.
NEWS
October 28, 1989 | SCOT J. PALTROW, TIMES STAFF WRITER
Some of Wall Street's biggest firms are backing off from a form of computerized trading that is widely blamed for making the stock market more volatile. The strongest backlash against computer-driven "program trading" came Friday, when three of the best-known brokerages--Morgan Stanley & Co., Bear, Stearns & Co. and Oppenheimer & Co.--said they will stop using the technique, at least temporarily, when buying and selling securities with their own money.
BUSINESS
January 24, 1989 | AL DELUGACH, Times Staff Writer
Responding to a $150-million cash takeover offer, Arizona developer Del Webb Corp. sued the Los Angeles-based Calmark Holding Corp. investment group for allegedly misleading the public in filings with the government concerning the proposed acquisition. Privately owned Calmark develops, manages and syndicates residential and commercial real estate. Last December, Calmark bought the Vagabond hotel chain from imprisoned Wall Street speculator Ivan F. Boesky.
BUSINESS
October 4, 1988 | United Press International
Graphic Dynamics Inc. has retained Oppenheimer & Co. of New York and Boston as its financial adviser in the anticipated sale of an industrial revenue bond, company representatives said. GDI, one of the largest commercial printers in Broward County, is preparing to offer an $8.2-million industrial revenue bond this year. Bond proceeds will be used for continuation of a plant and equipment expansion valued at $10 million, the company said.
BUSINESS
January 29, 1988 | Associated Press
L. F. Rothschild & Co. said Thursday that it has sold its New York brokerage operations to Oppenheimer & Co., marking the latest step in Rothschild's retrenchment after the stock market crash. Rothschild said the move was part of its strategy of concentrating on its areas of strength: fixed income, investment banking and equity and arbitrage. Terms of the transaction were not disclosed. Oppenheimer said Rothschild's 150 New York account executives would be invited to join Oppenheimer.
BUSINESS
January 29, 1988 | Associated Press
L. F. Rothschild & Co. said Thursday that it has sold its New York brokerage operations to Oppenheimer & Co., marking the latest step in Rothschild's retrenchment after the stock market crash. Rothschild said the move was part of its strategy of concentrating on its areas of strength: fixed income, investment banking and equity and arbitrage. Terms of the transaction were not disclosed. Oppenheimer said Rothschild's 150 New York account executives would be invited to join Oppenheimer.
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