ATLANTA, Sept. 07, 2022 (GLOBE NEWSWIRE) — Securities fraud law firm KlaymanToskes continues to represent clients of Oppenheimer (NYSE:OPY) in FINRA arbitrations (Case #22-00866) following a $36 million arbitration award Dollars to Horizon victims of Private Equity III Ponzi scheme.

Yesterday, a group of 10 Oppenheimer investors were awarded over $36 million in compensation for their investment losses in Horizon Private Equity III by FINRA arbitrators. Horizon is an alleged Ponzi scheme operated by former Oppenheimer broker John Woods. Between 2008 and 2016, under Oppenheimer’s supervision, Woods raised over $110 million from hundreds of investors across the country to invest in the scam. According to the August 2021 SEC complaint, over 400 investors were affected — including many older and retired investors.

How investors can make up for their losses

KlaymanToskes emphasizes that Horizon Private Equity III’s Oppenheimer victims have opportunities to recoup their investment losses. According to securities attorney Lawrence L. Klayman, Esq., “While a class action lawsuit against Oppenheimer is pending, it may take a significant amount of time to resolve. If you have suffered significant losses, you should consider filing a FINRA arbitration claim like the above investors.”

Past and current clients of Oppenheimer who have invested in Horizon Private Equity III are encouraged to contact Lawrence L. Klayman, Esq. at [email protected] or 1 (888) 997-9956.

about us

KlaymanToskes is a leading national securities law firm dedicated exclusively to securities arbitration on behalf of retail and institutional investors around the world in large and complex securities matters. The company has recovered more than $245 million for investors in FINRA arbitrations. KlaymanToskes has offices in California, Florida, New York and Puerto Rico.

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