Two SEC Commissioners Dissent, Challenge Oppenheimer "Bad Actor" Waiver

The Securities and Exchange Commission (SEC) has voted to give Oppenheimer & Company a break from further enforcement action after a “bad actor” ban was triggered and then subsequently waived by an SEC commissioner’s vote.

Two of five SEC commissioners, however, are speaking out against the waiver for what they see as repeated offenses, placing law and order credentials of SEC Chairwoman Mary Jo White, a Democrat and former prosecutor, into question, according to a exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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