{"id":6392,"date":"2018-08-28T16:12:32","date_gmt":"2018-08-28T16:12:32","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6392"},"modified":"2018-08-28T16:12:32","modified_gmt":"2018-08-28T16:12:32","slug":"oppenheimer-continues-to-show-serious-supervisory-deficiencies","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/","title":{"rendered":"Oppenheimer Continues to Show Serious Supervisory Deficiencies"},"content":{"rendered":"<p>\t\t\t\t<strong>Date:\u00a0August 7, 2013<\/strong><\/p>\n<p>The attorneys at Shepherd, Smith, Edwards &amp; Kantas LLP are investigating claims by investors with Oppenheimer &amp; Co.\u00a0 Although the firm\u2019s investigations are usually target more specifically at particular conduct of a firm or broker, Oppenheimer &amp; Co.\u2019s supervisory system has been found so woefully inadequate by numerous regulators and arbitration Panels over the last several years that almost any trading strategy permitted in Oppenheimer customer accounts becomes suspect.<\/p>\n<p>For example, in 2008 the Massachusetts Securities Division filed suit against Oppenheimer for its sales of Auction Rate Securities (ARSs).\u00a0 Specifically, the regulator alleged that Oppenheimer marketed ARSs as safe alternatives to money markets and certificate of deposits (CDs).\u00a0 In actuality, ARSs are complex debt securities that can suffer complete failures and ultimately leave the investor holdings a completely illiquid asset with no way to get their money back out.\u00a0 The regulator further claimed that Oppenheimer was aware of many disruptions and failures that occurred in the ARS market in 2007, but blithely ignored these warnings.\u00a0 Oppenheimer did not investigate the potential ramifications for the ARS securities that had been, and were currently being, sold to their clients.\u00a0 Oppenheimer did not warn its clients of these warning signs.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/\"  title=\"Continue Reading Oppenheimer Continues to Show Serious Supervisory Deficiencies\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Date:\u00a0August 7, 2013 The attorneys at Shepherd, Smith, Edwards &amp; Kantas LLP are investigating claims by investors with Oppenheimer &amp; Co.\u00a0 Although the firm\u2019s investigations are usually target more specifically at particular conduct of a firm or broker, Oppenheimer &amp; Co.\u2019s supervisory system has been found so woefully inadequate by numerous regulators and arbitration Panels [&hellip;]<\/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":[3762,3786],"tags":[3136,2994],"class_list":["post-6392","post","type-post","status-publish","format-standard","hentry","category-current-investigations","category-oppenheimer","tag-oppenheimer","tag-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oppenheimer Continues to Show Serious Supervisory Deficiencies | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"SSEK is investigating claims about Oppenheimer &amp; Co.\u2019s supervisory system has been found so woefully inadequate by numerous regulators and arbitration Panels over the last several years that almost any trading strategy permitted in Oppenheimer customer accounts becomes suspect.\" \/>\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-continues-to-show-serious-supervisory-deficiencies\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Oppenheimer Continues to Show Serious Supervisory Deficiencies | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"SSEK is investigating claims about Oppenheimer &amp; Co.\u2019s supervisory system has been found so woefully inadequate by numerous regulators and arbitration Panels over the last several years that almost any trading strategy permitted in Oppenheimer customer accounts becomes suspect.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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Kantas, LLP","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Oppenheimer Continues to Show Serious Supervisory Deficiencies","datePublished":"2018-08-28T16:12:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/"},"wordCount":816,"keywords":["Oppenheimer","securities"],"articleSection":["Current Investigations","Oppenheimer"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/","url":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/","name":"Oppenheimer Continues to Show Serious Supervisory Deficiencies | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-08-28T16:12:32+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"SSEK is investigating claims about Oppenheimer & Co.\u2019s supervisory system has been found so woefully inadequate by numerous regulators and arbitration Panels over the last several years that almost any trading strategy permitted in Oppenheimer customer accounts becomes suspect.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-continues-to-show-serious-supervisory-deficiencies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Oppenheimer Continues to Show Serious Supervisory Deficiencies"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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