---
schema_version: "secwatch.filing_event.v1"
accession: "0000791963-22-000062"
form_type: "8-K"
ticker: "OPY"
cik: "0000791963"
company_name: "OPPENHEIMER HOLDINGS INC"
filed_at: "2022-09-07T23:59:59+00:00"
generated_at: "2026-06-23T14:47:07.710827+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000791963-22-000062
- form_type: 8-K
- ticker: OPY
- cik: 0000791963
- company_name: OPPENHEIMER HOLDINGS INC
- filed_at: 2022-09-07T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791963/000079196322000062/0000791963-22-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791963/000079196322000062/opy-20220907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000791963-22-000062
- JSON: https://secwatch.observer/filing/0000791963-22-000062.json
- Plain text: https://secwatch.observer/filing/0000791963-22-000062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.