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Oppenheimer Review
Oppenheimer is a large NYSE listed investment bank and broker. It took a 70 million dollar cash sweep settlement charge in 2026 plus other fines.
Min Deposit
N/A
Spreads From
Not published as one fixed figure, fees vary by account type and service
Max Leverage
Standard US margin account limits, set by Oppenheimer's own margin agreement
Platforms
Oppenheimer full service brokerage, Oppenheimer advisory and wealth platforms
Pros
- NYSE listed with public financials and regulatory net capital over 400 million
- Manages 139.8 billion dollars in client assets across wealth and capital markets
- Full service broker dealer with 88 US branches and several international offices
- Raised its quarterly dividend 11.1 percent even after a big legal charge in 2026
Cons
- Took a 70 million dollar charge in 2026 to settle a cash sweep class action
- FINRA fined it 250,000 dollars in 2026 for mislabeling bonds on client statements
- SEC ordered a 1.2 million dollar penalty in December 2025 over municipal bond sales
- Also fined 500,000 dollars in 2024 over unsupervised fund company trades
- Swung to a net loss in early 2026 after years of steady profitability
Oppenheimer Holdings Inc, ticker OPY on the NYSE, runs Oppenheimer and Co Inc, a full service broker dealer with 88 US retail branches and offices in London, Hong Kong, Geneva, and Tel Aviv. As of March 2026 it managed 139.8 billion dollars in client assets and employed 932 financial advisors.
First quarter 2026 revenue rose 21 percent to 445.1 million dollars, yet the firm posted a 20.6 million dollar net loss. The gap came from a 70 million dollar charge to settle a class action over its cash sweep program, the feature that moves uninvested client cash into bank deposits, plus a stock compensation charge.
The wider record shows a pattern of fines. FINRA fined it 250,000 dollars in 2026 for mislabeling private mortgage bonds as government or corporate bonds on about 167,000 statements, and 500,000 dollars in 2024 over unsupervised fund trades. The SEC separately ordered a 1.2 million dollar penalty in December 2025 over municipal bond exemptions used from 2017 to 2022.
Max Leverage
Standard US margin account limits, set by Oppenheimer's own margin agreement
Spreads From
Not published as one fixed figure, fees vary by account type and service
Platforms
Regulators
- SEC (USA)
- FINRA
- SIPC
