OPY — what changed in the latest 10-Q
A section-by-section comparison of OPY's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +56 | −42 | ~23 | 41 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | +2 | −3 | ~1 | 5 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
The Company's long-term growth plan is to continue to expand existing offices by hiring experienced professionals as well as expand through the purchase of operating branch offices from other broker-dealers or the opening of new offices in attractive locations, including selectively in international…
post-pandemic world. As a result, we are continuously reviewing our physical footprint on lease renewals, and in many cases reducing office size and configuration. We are committed to continuing to improve our capabilities to ensure compliance with industry regulations, support client service and ex…
The Federal Reserve maintained the federal funds target range at 3.50% to 3.75% throughout most of 2026 before increasing the target range by 25 basis points to 3.75% to 4.00% in September 2026. Recent Federal Reserve communications have reflected continued focus on inflationary pressures and the ne…
The increase in hostilities between Israel and the U.S., on the one hand, and Iran, on the other, has had a significant impact on the price of oil since February 2026 as well as refined products. Threats to the Strait of Hormuz and the Red Sea transits for oil are likely to continue to threaten the …
Regional tensions have contributed to uncertainty in energy markets, inflation expectations and investor sentiment and have at times increased volatility across financial markets, which may also influence monetary policy decisions and broader economic conditions. Continued or escalating hostilities …
Text removed vs the prior filing · source: 10-Q · 2026-07-31
The Company's long-term growth plan is to continue to expand existing offices by hiring experienced professionals as well as expand through the purchase of operating branch offices from other broker-dealers or the opening of new offices in attractive locations, including selectively in international…
assessments of our compliance and risk management effort, and investing in people and programs, while providing a platform with first class investment programs and services.
After lowering rates by a total of 75 basis points through three consecutive cuts in the fourth quarter of 2025, the Federal Reserve held the federal funds rate at 3.50% to 3.75% through its meetings in 2026 to date, including its most recent decision in June. In its most recent communications, Fede…
In early 2026, the regional security environment deteriorated significantly as hostilities escalated between the United States and Iran. The United States has conducted sustained military strikes against Iranian targets over recent weeks, and has reimposed a naval blockade against Iran, while Iran a…
Favorable market conditions during the second quarter of 2026 helped drive the strong operating performance of our core businesses, although reported results were significantly and negatively impacted by the higher compensation expense related to stock appreciation rights for financial advisors. Equ…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-10-30
On April 24, 2026 the parties entered into a settlement of the litigation pursuant to which Oppenheimer agreed to pay $70 million in full and final settlement of all claims brought in the litigation. On May 13, 2026, Plaintiff filed in the District Court a Motion for Preliminary Approval of Class Ac…
District Court issued an order giving final approval to the settlement agreement. The Company received a release from any and all claims arising from the facts and circumstances alleged in the litigation and did not admit to any liability or wrongdoing. The Company expects that the amount of the set…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
On April 24, 2026 the parties entered into a settlement of the litigation pursuant to which Oppenheimer agreed to pay $70 million in full and final settlement of all claims brought in the litigation. On May 13, 2026, Plaintiff filed in the district court a Motion for Preliminary Approval of Class Ac…
Preliminary Approval of Class Action Settlement, Approving Form and Manner of Notice, and Setting Date for Hearing on Final Approval of Settlement (“Order”) attached hereto. Pursuant to the terms of the Order on June 8, 2026 Oppenheimer deposited $70 million into an escrow account for the benefit of…
If the District Court grants final approval to the settlement, all claims asserted against the Company in the litigation would be resolved. The Company expects that the amount of the settlement will be fully tax deductible.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice