Case Result

$716,000

Investment Misconduct - Unsuitable Investments

2016
Albany, NY

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Case Details

FINRA ordered Oppenheimer & Co., Inc. to pay restitution of more than $716,000 to customers who were sold unsuitable leveraged, inverse, and inverse-leveraged exchange-traded funds (ETFs).

Additional Notes

FINRA fined Oppenheimer & Co., Inc. $2.25 million and ordered restitution of more than $716,000 to customers for unsuitable ETF sales.

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