SEC busts Oppenheimer for inflating investment valuations.
FORTUNE -- The Securities & Exchange Commission today charged two units of Oppenheimer & Co. with misleading investors as to the value of its private equity investments.
The SEC also announced that Oppenheimer has agreed to a censure, and that it will pay a $617,579 penalty and return approximately $2.27 million in capital commitments to those who invested in the relevant private equity fund during the MORE