
The Financial Industry Regulatory Authority fined Oppenheimer & Co. Inc. $2.25 Million and ordered the firm to pay restitution of more than $716,000 to affected customers for selling leveraged, inverse and inverse-leveraged exchange-traded funds (non-traditional etfs) to retail customers without reasonable supervision, and for recommending non-traditional etfs that were not suitable. For more info visit https://www.finra.org/media-center/news-releases/2016/finra-sanctions-oppenheimer-co-29-million-unsuitable-sales-non