WASHINGTON (AP) — Oppenheimer & Co. is paying $20 million in civil settlements with U.S. regulators who accused the investment firm of improper sales of penny stocks and inadequate controls against money laundering. The SEC said Oppenheimer sold billions of shares of penny stocks in unregistered offerings on behalf of customers, ignoring red flags and aiding the customers' illegal activity.

Topics:  washington ap     oppenheimer    co   u.s    the sec   oppenheimer   paying   settlements   regulators   stocks   customers   penny   

 

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