This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

SEC's Democrats fault other commissioners for granting Oppenheimer 'bad actor' waiver

( February 4, 2015, 23:06 GMT | Official Statement) -- MLex Summary: US Securities and Exchange Commissioners Luis Aguilar and Kara Stein, both Democrats, issued a dissent on Wednesday from the SEC’s decision to grant Oppenheimer a regulatory waiver last week despite a recent $20 million penalty against the brokerage for allowing illegal penny stock sales. The waiver, which companies apply for, means that Oppenheimer can engage in certain financial activities despite breaking a securities law. "The facts demonstrate that Oppenheimer has a failed compliance culture, from top to bottom," Aguilar and Stein wrote.Statement follows in full....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections