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SEC charges ex-Oppenheimer manager with misleading investors

The company earlier this year agreed to settle related charges with the SEC and pay $2.8 mn

Peter Lattman 

Federal securities regulators accused a former portfolio manager at Oppenheimer & Company  on Tuesday of misleading investors about the performance of a fund, a rare enforcement action involving the private equity industry. The Securities and Exchange Commission (SEC) contends Brian Williamson issued quarterly reports and marketing materials that inflated the performance results of an Oppenheimer private equity fund. “Investors deserve and the law requires honest disclosure about how their investments are valued,” said Andrew J Ceresney, the co-head of the ...

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First Published: Wed, August 21 2013. 23:18 IST