Oppenheimer

Oppenheimer Holdings Inc Agrees to Pay $3 Million to Settle Charges of Inappropriate ETF Sales

Oppenheimer Holdings Inc Agrees to Pay $3 Million to Settle Charges of Inappropriate ETF Sales

Without admitting or denying any wrongdoing, Oppenheimer & Co agreed to pay almost $3 million as fines and restitution for settling federal charges that it sold risky exchange-traded funds incorrectly to elderly customers who are mostly averse to risks and also to other retail investors.