GREENSBORO, N.C.–()–National investor fraud law firm, KlaymanToskes (“KT”), continues its investigation into potential securities claims on behalf of former and current Oppenheimer & Co., Inc. (“Oppenheimer”) (NYSE: OPY) and Southport Capital customers who invested in Horizon Private Equity III (“Horizon”) through John Woods, a former Oppenheimer financial advisor.

Oppenheimer customers recently learned about the massive, $100 million Ponzi scheme devised by former Oppenheimer registered representative, John Woods, through his advisory firm, Southport Capital. From 2008 to 2016, John Woods and his brother Jim allegedly solicited a significant number of Oppenheimer’s customers to invest in Horizon while the Woods were registered as a brokers and investment advisers with the brokerage firm. On August 25th, the SEC’s Atlanta Regional Office Director stated, “As alleged in the complaint, Woods and Southport preyed…

Read more…