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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
  • Oppenheimer Pays $2.8 Million To Resolve SEC Charges  0 comments
    Mar 12, 2013 4:49 PM

    The Securities and Exchange Commission filed charges against two Oppenheimer & Co. investment advisers for misleading investors about the valuation and performance of a private equity fund, Oppenheimer Global Resource Private Equity Fund I L.P. which was marketed from October 2009 until June 2010.

    According to the SEC, the largest investment in the fund was Cartesian Investors-A, LLC, which was improperly valued resulting in a material increase in the performance of the Global Resource Fund and causing investors to be misled as to the actual performance of the fund.

    Oppenheimer paid $2.8 million in fines and restitution to resolve the matter with the SEC and will pay an additional $132,421 to resolve a related action brought by the Massachusetts Attorney General.

    If you have questions about your brokerage account or complaints about losses in the account, contact us to explore your legal rights.

    Free Consultation.

    Nationwide Representation

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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