791963--3/7/2008--OPPENHEIMER_HOLDINGS

related topics

{stock, price, share}

{loss, insurance, financial}

{personnel, key, retain}

{system, service, information}

{product, market, service}

{condition, economic, financial}

{operation, international, foreign}

{debt, indebtedness, cash}

{acquisition, growth, future}

{operation, natural, condition}

{tax, income, asset}

{financial, litigation, operation}

{regulation, government, change}

Developments in market and economic conditions have in the past adversely affected, and may in the future adversely affect, the Company s business and profitability. The Company has experienced significant pricing pressure in areas of its business, which may impair its revenues and profitability. The volume of anticipated investment banking transactions may differ from actual results. The ability to attract, develop and retain highly skilled and productive employees is critical to the success of the Company s business. The Company depends on its senior employees and the loss of their services could harm its business. Underwriting and market-making activities may place capital at risk. Increases in capital commitments in our proprietary trading, investing and similar activities increase the potential for significant losses. The Company may make strategic acquisitions of businesses, engage in joint ventures or divest or exit existing businesses, which could cause it to incur unforeseen expense and have disruptive effects on its business but may not yield the benefits it expects. If the Company is unable to repay its outstanding indebtedness obligations when due, its operations may be materially adversely affected. The Company is subject to extensive securities regulation and the failure to comply with these regulations could subject it to penalties or sanctions. Failure to comply with net capital requirements could subject the Company to suspension or revocation by the SEC or suspension or expulsion by FINRA and the NYSE. Risk of losses associated with securities laws violations and litigation. The value of the Company s goodwill and intangible assets may become impaired. Severe weather, natural disasters, acts of war or terrorism and other external events could significantly impact the Company s business. The Company s risk management policies and procedures may leave it exposed to unidentified risks or an unanticipated level of risk. Credit risk exposes the Company to losses caused by financial or other problems experienced by third parties. The precautions the Company takes to prevent and detect employee misconduct may not be effective and it could be exposed to unknown and unmanaged risks or losses. The Company s information systems may experience an interruption or breach in security. The Company continually encounters technological change. Risks associated with the Company s stock. The Company s stock price can be volatile. The trading volume in the Company s Class A Shares is less than that of larger financial services companies. The Company issues two classes of stock. Possible additional issuances of the Company s stock will cause dilution. The business operations that are conducted outside of the United States subject the Company to unique risks.

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791963--3/7/2008--OPPENHEIMER_HOLDINGS_INC