{"id":3031,"date":"2015-03-26T00:00:00","date_gmt":"2015-03-26T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/oppenheimer-hit-with-20-million-in-fines\/"},"modified":"2018-10-08T12:42:27","modified_gmt":"2018-10-08T16:42:27","slug":"oppenheimer-hit-with-20-million-in-fines","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/oppenheimer-hit-with-20-million-in-fines\/","title":{"rendered":"Oppenheimer Hit With $20 Million in Fines"},"content":{"rendered":"<\/p>\n<p><a href=\"https:\/\/www.opco.com\/\" target=\"_blank\">Oppenheimer and Co<\/a>. is an investment bank and full-service investment firm offering financial advisory services, capital market services, wealth management, investment banking, and related products and services worldwide.\u00a0 In late January, <a href=\"http:\/\/www.usatoday.com\/story\/money\/2015\/01\/27\/oppenheimer-sec-fine\/22396695\/\" target=\"_blank\">the Securities and Exchange Commission (SEC)<\/a> charged Oppenheimer and Co. with violating federal securities laws by improperly selling penny stocks in unregistered offerings on behalf of customers.<\/p>\n<p><span style=\"text-decoration: underline;\">Penny Stocks 101<\/span><\/p>\n<p>\u201c<a href=\"http:\/\/en.wikipedia.org\/wiki\/Penny_stock\" target=\"_blank\">Penny stocks<\/a>\u201d are common shares of small public companies that trade at comparatively low prices per share.\u00a0 More specifically, the SEC defines a penny stock as a \u201csecurity that trades below $5.00 per share, is not listed on a national exchange, and fails to meet other specific criteria.\u201d<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/oppenheimer-hit-with-20-million-in-fines\/\"  title=\"Continue Reading Oppenheimer Hit With $20 Million in Fines\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oppenheimer and Co. is an investment bank and full-service investment firm offering financial advisory services, capital market services, wealth management, investment banking, and related products and services worldwide.\u00a0 In late January, the Securities and Exchange Commission (SEC) charged Oppenheimer and Co. with violating federal securities laws by improperly selling penny stocks in unregistered offerings on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[],"class_list":["post-3031","post","type-post","status-publish","format-standard","hentry","category-all-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oppenheimer Hit With $20 Million in Fines &#8212; 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