April 15, 2013 Comments (0) Blog, Securities Fraud

Recovery of Oppenheimer Global Resources Private Equity Fund I Losses

According to Advisor One, “Two investment advisors at Oppenheimer & Co. were charged by the SEC with misrepresenting to investors the valuation policies and performance of a private equity fund that they manage.” It appears from these reports that these Oppenheimer advisors misrepresented reports that were connected to investments in Oppenheimer Global Resources Private Equity Fund I (ORG) between 2009 and 2010. “Without admitting or denying the charges, Oppenheimer has agreed to pay more than $2.8 million to settle.”

The White Law Group is investigating potential FINRA arbitration claims involving the Oppenheimer Global Resources Private Equity Fund I.

Brokerage-firms have a supervisory responsibility to monitor the conduct and investment activities of their agents.  In addition, brokerage-firms have a fiduciary duty make investments recommendations that are in the best interest of the client, and consistent with the client’s finical objectives and risk tolerance. To the extent that a brokerage firm failed to perform adequate due diligence on an investment recommendation, the firm may be held liable for any resulting losses.

If you are concerned about investments you made in Oppenheimer Global Resources Private Equity Fund I and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 312-238-9650 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit http://www.whitesecuritieslaw.com.

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