Oppenheimer reaches settlement with FINRA

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. 

By Martin O'Sullivan (June 21, 2016, 3:21 PM EDT) -- New York-based investment firm Oppenheimer & Co. Inc. has agreed to a settlement with the Financial Industry Regulatory Authority over claims that it botched thousands of reports on short interest positions and failed to properly supervise its reporting program....

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