SEC and Justice Dept Investigate Firm Over Penny Stocks & Laundering

U.S. regulators are investigatingĀ  Oppenheimer Holdings for money laundering, penny stock sales and failure to supervise a broker that is no longer with the firm.

In March, the SEC and the Justice Dept. charged Vladimir Eydelman with securities fraud. Eydelman had worked for more than a decade at Oppenheimer in New York City, before leaving in 2012.

 

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