24 unchanged sentences
In 2024, each of those complaints was dismissed by the trial court.
−Removed: Plaintiffs in each case subsequently filed an appeal of the court’s order dismissing the cases, each of which is currently pending.
−Removed: On June 30, 2022, Oppenheimer received a "Wells Notice" from the SEC requesting that Oppenheimer make a written submission to the SEC to explain why Oppenheimer should not be charged with violations of Section 15c2-12 of the Exchange
−Removed: Act, and Rule 15c2-12 thereunder as well as Municipal Securities Rulemaking Board Rules G-17 and G-27 in relation to its sales of municipal notes pursuant to an exemption from continuing disclosure contained in Rule 15c2-12.
+Added: Plaintiffs in each case subsequently filed an appeal of the court’s order dismissing the cases.
+Added: In May of 2025, the Georgia Court of Appeals upheld the trial court’s decision dismissing the cases.
+Added: In May of 2025, plaintiffs filed a writ of certiorari with the Georgia Supreme Court which is currently pending.
+Added: On June 30, 2022, Oppenheimer received a "Wells Notice" from the SEC requesting that Oppenheimer make a written submission to the SEC to explain why Oppenheimer should not be charged with violations of Section 15c2-12 of the Exchange Act, and Rule 15c2-12 thereunder as well as Municipal Securities Rulemaking Board Rules G-17 and G-27 in relation to its sales of municipal notes pursuant to an exemption from continuing disclosure contained in Rule 15c2-12.
On September 13, 2022, the SEC filed a complaint against Oppenheimer in the United States District Court for the Southern District of New York (the “Court") alleging that Oppenheimer violated Section 15B(c)(1) of the Exchange Act and Rule 15c2-12 thereunder as well as Municipal Securities Rulemaking Board Rules.
2 unchanged sentences
The settlement is subject to Oppenheimer obtaining a waiver of certain statutory disqualifications.
−Removed: During the three months ended March 31, 2025, there were no material changes to the information contained in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024.
+Added: In June of 2025 Oppenheimer was served with a complaint in an action entitled Liberty Capital Group v.
+Added: Oppenheimer Holdings Inc., Oppenheimer & Co.
+Added: and Oppenheimer Asset Management Inc., filed in the United States District Court for the Southern District of New York.
+Added: Plaintiffs seek class certification and allege that defendants used Oppenheimer’s Advantage Bank Deposit Sweep Program to unlawfully enrich themselves, and accordingly, breached their fiduciary duties and contractual obligations to their customers and otherwise violated New York law.
+Added: Plaintiffs allege unspecified damages to be proven at trial.
+Added: Defendants intend to vigorously defend themselves against the allegations in the complaint.
+Added: During the three months ended June 30, 2025, there were no material changes to the information contained in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.