Oppenheimer Holdings faces $36.7M FINRA arbitration award over Horizon fraud

OPPENHEIMER HOLDINGS INC

FINRA panel awarded $36,744,276 to 12 former customers over Horizon Private Equity scheme.
Claimants alleged Oppenheimer failed to supervise former advisor John Woods.
Oppenheimer plans to move to vacate the award on multiple grounds.
Class action related to same scheme was dismissed without prejudice in Aug 2022.
Award includes $5.7M compensatory, $14.2M RICO, $16.8M punitive/fees.

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