8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

AMENDMENT NO. 2

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): November 2, 2007

Commission File Number 1-12043

OPPENHEIMER HOLDINGS INC.

Ontario, Canada                                                98-0080034

(State of incorporation)            (IRS employer identification number)

PO Box 2015, Suite 1110

20 Eglinton Avenue West

Toronto Ontario Canada   M4R 1K8

(Address of principal executive offices) (Zip code)

(416) 322-1515

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CRF 240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECTION 8 – OTHER EVENTS

ITEM 8.01. Other Events.

On January 14, 2008, Oppenheimer Holdings Inc. (the “Oppenheimer”) announced that it closed its previously announced acquisition of a major part of CIBC World Markets’ U.S. capital markets businesses, including related Israeli investment banking and equity markets business. The closing of the acquisition of related operations in Asia and the UK is expected to close at a later time, subject to regulatory approval.

The businesses acquired by Oppenheimer employ over 600 people and include CIBC World Markets’ U.S. Investment Banking, Corporate Syndicate, Institutional Sales and Trading, Equity Research, Options Trading and a portion of the Debt Capital Markets business which includes Convertible Bond Trading, Loan Syndication, High Yield Origination and Trading as well as related overseas operations. Annualized revenue of these businesses, based on CIBC’s most recently published results for the year ended October 31, 2007, is in excess of $400 million.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01.  Financial Statements and Exhibits

99.1 Oppenheimer Holdings Inc. Press Release issued January 14, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Oppenheimer Holdings Inc.

Date: January 14, 2008

By: "E.K. Roberts"

---------------------------------

E.K. Roberts

President and Treasurer

(Duly Authorized Officer and

Principal Financial Officer)

EX-99

EXHIBIT 99.1

OPPENHEIMER CLOSES PREVIOUSLY ANNOUNCED ACQUISITION OF A MAJOR PART OF CIBC WORLD MARKETS’ U.S. CAPITAL MARKETS BUSINESSES

New York and Toronto, January 14, 2008 – Oppenheimer Holdings Inc. (OPY on NYSE) today announced that the previously announced acquisition by Oppenheimer of a major part of CIBC World Markets’ U.S. capital markets businesses, including related Israeli investment banking and equities business, was completed. The closing of the acquisition of related operations in Asia and the UK is expected to close at a later time, subject to regulatory approval.

The businesses acquired by Oppenheimer employ over 600 people and include CIBC World Markets’ U.S. Investment Banking, Corporate Syndicate, Institutional Sales and Trading, Equity Research, Options Trading and a portion of the Debt Capital Markets business which includes Convertible Bond Trading, Loan Syndication, High Yield Origination and Trading as well as related overseas operations. Annualized revenue of these businesses, based on CIBC’s most recently published results for the year ended October 31, 2007, is in excess of $400 million.

 “We are pleased with this significant addition to our capital markets platform and welcome our new associates to the Oppenheimer family,” said Oppenheimer Chairman, Albert G. Lowenthal. “Our firm is now positioned to service clients with a complete offering of capital markets services, including M&A advisory, equity underwriting, high-yield fixed income origination and loan syndication. We are confident in the potential of this platform and are confident that it will be a success.”

As previously reported, the Company is not involved in the sub-prime mortgage business, and does not have any exposure to that business as a result of this acquisition.

This press release includes certain “forward-looking statements” relating to anticipated future performance. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Oppenheimer’s Annual Report on Form 10-K for the year ended December 31, 2006.

Oppenheimer, through its principal subsidiaries, Oppenheimer & Co. Inc. (a U.S. broker-dealer) and Oppenheimer Asset Management Inc., offers a wide range of investment banking, securities, investment management and wealth management services from 86 offices in 21 states and through local broker-dealers in 3 foreign jurisdictions. Oppenheimer employs over 3,500 people, approximately 1,250 of whom are financial advisers. Oppenheimer offers trust and estate services through Oppenheimer Trust Company. Evanston Financial Corporation is engaged in mortgage brokerage and servicing. In addition, through its subsidiary, Freedom Investments, Inc. and the BUYandHOLD division of Freedom, Oppenheimer offers online discount brokerage and dollar-based investing services.

CONTACT INFORMATION:

A.G. Lowenthal (212) 668-8000

Media Contact:

E.K. Roberts      (416) 322-1515

Brian Maddox (212) 850-5661