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.