Web www.software-risk.co.uk

The NASD has charged Oppenheimer & Co and CEO Albert Lowenthal wih producing inaccurate data in Breakpoint Sweep.

Oppenheimer has also been fined $250,000 for late reporting of potential broker misconduct to exchanges and regulators.

Details of the charges relate to NASD's request that the firm perform a self-assessment of its mutual fund breakpoint discount practices. This is the second time in eight months that the company has fallen foul of the NASD and failed to supply documents.

Related Articles
NASDAQ Completes Shareholder.com
Bloomberg Options-Trading Launched
CI Financial Ready To Go Hostile for Amvescap
X
Value stock fund
Uniform practice code
Fidelity Served With Wells Notice
NASD

Similar Areas

Sarbanes-Oxley Items

Finance Items

Markets Items

Investing Items

Regulation Items

Selected Books

Keywords

NASD

Oppenheimer & Co

Breakpoint Sweep

discount practices

mutual fund

mutual funds and regulation