The $125 million Oppenheimer Rochester Virginia Municipal Bond Fund (ORVAX) is down more than 15% this year, because of it contains 33% of Puerto Rican bonds, which have underperformed the broad municipal bond market. The S&P Municipal Bond Puerto Rico Index was down 21% year-to-date through Oct. 10, 1,900 basis points worse than the S&P […]

The $125 million Oppenheimer Rochester Virginia Municipal Bond Fund (ORVAX) is down more than 15% this year, because of it contains 33% of Puerto Rican bonds, which have underperformed the broad municipal bond market. The S&P Municipal Bond Puerto Rico Index was down 21% year-to-date through Oct. 10, 1,900 basis points worse than the S&P […]

In a May 9th., 2013 article from Reuters, Suzanne Barlyn writes about the three men, who made a living in the U.S. securities industry, and how it's not easy to successfully reverse disciplinary sanctions from FINRA. Penalties are likely to stick, and the consequences can drag out for years. According to the Financial Industry Regulatory […]

The Securities and Exchange Commission (SEC) charged investment management company OppenheimerFunds Inc. and its sales and distribution division on June 6th., 2012, with making misleading statements about two of its mutual funds  that struggled in the credit crisis in late 2008. The investigation found that Oppenheimer used derivative instruments known as total return swaps (TRS contracts) to […]