Oppenheimer & Co is to pay a $ 500 m settlement following allegations of failure to reasonably enforce FINRA policies by allowing brokers to sell leveraged and inverse exchange - traded securities to retail investors . he claims that Oppenheimer did not employ any meaningful investigative effort when executing unsolicited transactions through ineligible funds .
Oppenheimer & Co is to pay a $3m settlement following allegations of failure to reasonably enforce FINRA policies by allowing brokers to sell leveraged and inverse exchange-traded funds to retail investors. FINRA claims that Oppenheimer did not employ any meaningful compliance effort when executing unsolicited transactions through ineligible customers.