
The Financial Industry Regulatory Authority (FINRA) announced that Oppenheimer & Co. Would pay a fine of $250,000 for supervisory and other failures in connection with improper market timing of mutual fund shares from January through September 2003. The firm was also to pay $4.25 million in restitution to more than 60 mutual fund companies. For more info visit https://www.finra.org/media-center/news-releases/2008/oppenheimer-co-pay-45-million-settle-finra-market-timing-charges