It used to be that there were no max depth limits given for the open water certification. The longer ago someone was certified, in terms of decades, the deeper their open water course ostensibly taught them to go. 30 years ago, my first semester college scuba class covered diving to 250 ft including Navy deco tables.
Today that has all changed. Navy deco tables are not taught at all. People are taught to stay within NDL limits. It was not always taught that way.
In a college scuba class today, you would be taught to dive no deeper than the generally accepted nacosis limit of ppN2 of 4.0 which corresponds to about 130 ft. (4.0/0.79 - 1) x 33 ft = 134.1 ft.
In a local dive shop course, 50 to 60 ft is a better limit, since it would take their AOW course in addition, to teach you all the things that a college scuba course would.
So your friend is right, but it also depends on what he/she was taught in their own class. I doubt that any PADI basic cert would be safe beyond 50 to 60 ft, even 15 years ago. But maybe they (PADI) were teaching better than they are today?