Non-GAAP Financial Measures

Regulation G adopted by the Securities and Exchange Commission (as directed by the Sarbanes-Oxley Act of 2002) sets forth rules regarding the disclosure of non-GAAP measures, as defined in that Regulation.

Oppenheimer Holdings Inc. may, from time to time, make non-GAAP financial disclosures public orally, telephonically, by webcast, by broadcast, or by similar means. At the time, we may make reference to this Web site for additional disclosure about the non-GAAP financial measure.