Oppenheimer Holdings Inc. (formerly Fahnestock Viner Holdings Inc.) is a holding company that carries on its business through Oppenheimer & Co. Inc. and Freedom Investments, Inc. (the Operating Subsidiaries). Oppenheimer & Co. is engaged in the securities brokerage business in the United States, and, through the agency of local licensed broker-dealers, operates offices in Buenos Aires, Argentina and Caracas, Venezuela. Freedom Investments and the BUYandHOLD division of Freedom Investments offer online discount brokerage and dollar-based investing services. The Operating Subsidiaries are collectively engaged in a range of activities in the securities brokerage business, including retail securities brokerage, institutional sales, bond trading and investment banking, offering both corporate and public finance services, underwriting, research, market-making and investment advisory and asset management services.