Oppenheimer
UBS Wins It All in $611K Claim Against Long Island Broker
Arbitration panel awards UBS full promissory note claims and legal fees from a broker who left after just over one year for Oppenheimer.
Oppenheimer Swings to Profit on Tax and Hedge Fund Benefits
New York firm eroded more brokers during the fourth quarter but advisory fee revenue (and executive compensation) soared.
Opco Managing Director to Open L.A. Outpost for Wunderlich
Marty Padilla packs up his million-dollar team for new venture.
Thank You, Morgan Stanley….Wells, RayJay, Opco Get Their Allocations
More veteran brokers jump-started their exits from the wirehouse in anticipation of the loss of protection from the Broker Protection.
Oppenheimer Replaces Long-Time Advisory Account Head
David Aplin, head of asset management product selection and overseer of brokers running discretionary accounts, is replaced after 22 years by a UBS manager.
Oppenheimer Brokers Leave Seattle-Area Branch
A month after losing a $340-million AUM team in its Bellevue, Wash. branch to Stifel, a veteran sole practitioner leaves the office to join a local RIA.
Oppenheimer Loses $28 Million Claim Against Jefferies Wealth Executive
Arbitrators deny attempt to collect mega-damages from fixed-income star Greg Fisher and to pay his hefty legal fees.
Oppenheimer Gets Another “Critical” Report Card, Makes No Remedial Promises
Law firm run by former SEC chairman scrutinized internal audits after previously criticizing Opco’s corporate governance, management and compliance programs.
Oppenheimer Orchestrates Management Shift in Los Angeles
Veteran Rick Wisely steps aside as producing manager Kevin Friedman takes over.
Oppenheimer Has Another Losing Quarter, CEO’s Son Collects Retail Bonus
Company’s brokerage force falls even as it incentivizes a top executive to recruit $300,000-plus producers.
Oppenheimer to Retire $30 Million of Debt Following 2016 Operating Loss
Firm, which reduced its brokerage force by 5% last year, expects to save $2.6 million of annual interest by redeeming 20% of its 8.75% senior secured notes.