ALBERT GRINSFELDER LOWENTHAL is currently employed as a Broker and/or Investment Adviser at OPPENHEIMER & CO. INC. located at 375 RARITAN CENTER PARKWAY, 22ND,24TH FLOOR, EDISON, NJ, 08837.
ALBERT GRINSFELDER LOWENTHAL has worked at OPPENHEIMER & CO. INC. since January 05, 2010
ALBERT GRINSFELDER LOWENTHAL has 1 Disclosure Event(s).
Date: March 26, 2001 Category: Regulatory Initiated By: NYSE DIVISION OF ENFORCEMENT Allegations: **04/22/2003** STIPULATION AND CONSENT TO PENALTY FILED BY NYSE DIVISION OF ENFORCEMENT AND PENDING. CONSENTED TO FINDINGS/STIPULATED SANCTION: WITHOUT ADMITTING OR DENYING GUILT, LOWENTHAL CONSENTS TO:A. A FINDING BY THE HEARING PANEL THAT HE PERMITTED A VIOLATION OF EXCHANGE RULES 401 AND 412, AND SEC REGULATION § 240.17A-11(D), IN THAT HE PERMITTED HIS MEMBER ORGANIZATION TO FAIL TO IMMEDIATELY NOTIFY THE EXCHANGE AND OTHER APPROPRIATE REGULATORS OF A CONDITION WHICH HE REASONABLY SHOULD HAVE BELIEVED COULD LEAD TO OPERATIONAL PROBLEMS AND/OR IMPAIRMENT OF RECORDKEEPING FUNCTIONS; AND TO SEEK FROM THE EXCHANGE AN EXEMPTION FROM EXCHANGE RULE 412 CONCERNING THE DELIVERY OF MUTUAL FUND ASSETS OUTSIDE THE ESTABLISHED SYSTEM.B. THE IMPOSITION BY THE EXCHANGE OF THE PENALTY OF A CENSURE AND A REQUIREMENT THAT HE COMPLY, IN HIS CAPACITY AS CEO OF FAHNESTOCK, WITH THE UNDERTAKING SET FORTH IN SECTION IV HEREOF. IV. FAHNESTOCK AND LOWENTHAL, IN HIS CAPACITY AS CEO OF FAHNESTOCK, JOINTLY AGREE TO COMPLY WITH THE FOLLOWING FURTHER UNDERTAKING:1. WITHIN 60 DAYS FROM THE DATE THE DECISION BECOMES FINAL, FAHNESTOCK AND LOWENTHAL, AS CEO OF FAHNESTOCK, WILL ASSIGN A PERSON NOT UNACCEPTABLE TO THE EXCHANGE, WHO WILL BE AN OFFICER OF THE FIRM FAMILIAR WITH OPERATIONS OR FINANCE, OR OTHER PERSON SUBJECT TO THE EXCHANGE'S JURISDICTION, AND THIS INDIVIDUAL WILL REPORT DIRECTLY TO THE FIRM'S CEO, AND WILL HAVE THE RESPONSIBILITY, SPECIFICALLY DESCRIBED AND DELEGATED BY THE FIRM AND BY LOWENTHAL, TO COORDINATE THE OPERATIONAL, NET CAPITAL AND OTHER REGULATORY ASPECTS OF FUTURE CORPORATE ACQUISITIONS BY THE FIRM WHICH INVOLVE ACCOUNT CONVERSIONS. THIS INDIVIDUAL WILL BE RESPONSIBLE FOR: (1) MONITORING ALL SUCH ASPECTS OF THE ACQUISITION AND MAKING REASONABLE EFFORTS TO IDENTIFY FACTORS WHICH MIGHT ADVERSELY AFFECT THE ACQUISITION; (2) FUNCTIONING AS A CLEARING POINT FOR THE IDENTIFICATION OF ACQUISITION-RELATED REGULATORY ISSUES; (3) REPORTING SUCH ISSUES TO THE CEO; Resolution: Decision SanctionDetails: Sanctions: Censure Sanction Details: **06/13/2003** DECISION 03-101 ISSUED BY NYSE HEARING PANEL DECISION: PERMITTED A VIOLATION OF EXCHANGE RULES 401 AND 412, AND SEC REGULATION § 240.17A-11(D), IN THAT HE PERMITTED HIS MEMBER ORGANIZATION TO FAIL TO IMMEDIATELY NOTIFY THE EXCHANGE AND OTHER APPROPRIATE REGULATORS OF A CONDITION WHICH HE REASONABLY SHOULD HAVE BELIEVED COULD LEAD TO OPERATIONAL PROBLEMS AND/OR IMPAIRMENT OF RECORDKEEPING FUNCTIONS; AND TO SEEK FROM THE EXCHANGE AN EXEMPTION FROM EXCHANGE RULE 412 CONCERNING THE DELIVERY OF MUTUAL FUND ASSETS OUTSIDE THE ESTABLISHED SYSTEM - CONSENT TO CENSURE AND A REQUIREMENT TO COMPLY WITH AN UNDERTAKING.
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