Tag Archives: suitability

FINRA Half-Day Boot Camp – Kansas City – District 4

Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately three hours of assigned pre-course readings and online coursework prior to attending the session. Pre-course work is assigned and distributed approximately one week before the session. This course is designed for compliance professionals who are new to … Continue reading FINRA Half-Day Boot Camp – Kansas City – District 4

Oppenheimer Fined 2.25 million for ETF Suitability & Due Diligence Failures

The Financial Industry Regulatory Authority (FINRA) announced that it has fined Oppenheimer & Co. Inc. $2.25 million and ordered the firm to pay restitution of more than $716,000 to affected customers for selling leveraged, inverse and inverse-leveraged exchange-traded funds (non-traditional ETFs) to retail customers without reasonable supervision and due diligence, and for recommending non-traditional ETFs … Continue reading Oppenheimer Fined 2.25 million for ETF Suitability & Due Diligence Failures