Oppenheimer
SEC Calls ‘Strike 3’ Against Veteran Chief Compliance Officer
Former Oppenheimer compliance head, now with David Lerner Associates, loses his second appeal of a Finra suspension and fine for failing to disclose tax liens.
LPL Force Diminished by Big Breakaway, Oppenheimer by Continued Attrition
Biggest independent broker-dealer says recruiting remains vibrant after breakaway of Independent Financial while Opco force edges toward 1,000.
Opco Broker in L.A. Producing $4 Mln Goes Independent
After an 18-year career with Oppenheimer, Larry Goldstein affiliates with Cetera’s Summit Brokerage in search of a bigger payout.
A Ponzi Scheme, a Retiree and a Revolt Against OppenheimerFunds
Donald Dwyer left statehouse politics for retirement in Clearwater, Florida, at the Grand Venezia, a 336-unit condominium complex with a pool, tennis courts and ill-fated ambitions to bring a touch of Italian luxury to the Gulf Coast.
LPL Firm Hires Manager of Oppenheimer’s Philadelphia Offices
New Jersey-based Gladstone Wealth Group, which has been recruiting wirehouse managers in an effort to quickly expand its franchise, signs up 21-year industry veteran.
Morgan Stanley Terminates Broker over College Admissions Scandal
Pasadena advisor Michael Wu was discharged in March for not cooperating with an internal investigation
College Scandal Mastermind Says He Worked with Wealth Firms
Rick Singer’s admissions coaching website says Morgan Stanley, UBS, Opco and Pimco offered his services to clients and executives.
Oppenheimer Proposes Mutual Fund Share-Class Settlement
New York firm seeks to pay $3.5 million to clients who bought share classes that paid 12b-1 fees when less expensive classes were available.
LPL, Stifel Talk Up Recruiting Despite Weak Q4 Arrivals
LPL’s army of independents fell a net 65 during the quarter due to the loss of a large firm, while Stifel added a net three brokers and Oppenheimer continued to let loose low producers.
Auction-Rate Woes Dissolve for Oppenheimer and a Merrill Broker
Oppenheimer takes $6 million hit to put decade-old problem with the illiquid instruments behind it, while a California broker wins expungement of claim she sold auction rate securities without proper disclosure.
Oppenheimer Wealth Boss Mark Whaley to Pass the Baton
New York firm says insider Ed Harrington will move from its asset management unit to head the firm’s private client group in February.
