Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, April 14, 2009

Oregon Sues Oppenheimer over 529 Plan

Orgeon sued Oppenheimer Funds charging that the money manager understated risks in its 529 College Savings bond fund that lost $36 million.  According to the state, Oppenheimer did not disclose that the fund invested in credit default swaps and other high-risk derivative instruments.  WSJ, Oregon Sues Over Risks Taken In Its '529' Fund.

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