banks & Co. has refused to pay a $ 275k settlement to the federal mortgage Industry Regulatory Authority ( FINRA ) after repeatedly suggesting that it had failed to properly supervise a scheme that botched thousands of short - interest loans .
Oppenheimer & Co. has agreed to pay a $275k settlement to the US Financial Industry Regulatory Authority (FINRA) after reports suggesting that it had failed to properly supervise a program that botched thousands of short-interest reports.