{"id":4525,"date":"2007-11-13T10:15:33","date_gmt":"2007-11-13T10:15:33","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/11\/oppenheimer_to_pay_1_million_t"},"modified":"2022-05-19T12:04:14","modified_gmt":"2022-05-19T17:04:14","slug":"oppenheimer-to-pay-1-million-t","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-to-pay-1-million-t\/","title":{"rendered":"Oppenheimer to Pay $1 Million to Settle FINRA Bogus Data Charges"},"content":{"rendered":"

Oppenheimer & Co. says it will pay a $1 million fine to settle charges by the Financial Industry Regulatory Authority that it turned in false information regarding mutual fund breakpoints. The company also has agreed to submit to having an independent consultant conduct an audit regarding how Oppenheimer handles regulatory inquiries. By agreeing to the settlement terms, Oppenheimer is not agreeing to or denying FINRA’s allegations.<\/p>\n

Background<\/strong><\/p>\n

FINRA says it initially asked Oppenheimer for the information in March 2003 when the self-regulatory organization (then the NASD) looked at over 2000 broker-dealers who had sold front-end loan funds over a two-year period.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Oppenheimer & Co. says it will pay a $1 million fine to settle charges by the Financial Industry Regulatory Authority that it turned in false information regarding mutual fund breakpoints. The company also has agreed to submit to having an independent consultant conduct an audit regarding how Oppenheimer handles regulatory inquiries. By agreeing to the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,3786],"tags":[],"class_list":["post-4525","post","type-post","status-publish","format-standard","hentry","category-finra","category-oppenheimer"],"yoast_head":"\nOppenheimer to Pay $1 Million to Settle FINRA Bogus Data Charges — Investor Lawyers Blog — November 13, 2007<\/title>\n<meta name=\"description\" content=\"Oppenheimer & Co. says it will pay a $1 million fine to settle charges by the Financial Industry Regulatory Authority that it turned in false — November 13, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-to-pay-1-million-t\/\" \/>\n<meta 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