Oppenheimer Fined by Finra Over Sales of Complex ETFs to Seniors

  • Firm failed to enforce its own restrictions, regulator says
  • Brokerage has faced a series of sanctions over its policies

Oppenheimer & Co. will pay more than $2.9 million to settle a U.S. brokerage-regulator’s claims that the firm sold unsuitable non-traditional exchange-traded funds to customers.

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