The Financial Industry Regulatory Authority (FINRA) has fined investment bank Oppenheimer & Co. $2.25 million and has ordered the firm to pay restitution of more than $716,000 to affected customers for recommending non-traditional exchange-traded funds (ETFs) that the regulator says “were not suitable” for certain retail investors and were sold “without reasonable supervision.” FINRA’s actions… Read More >>
Oppenheimer & Co. Picks VestmarkONE Platform
New York City-based Oppenheimer & Co. Inc., a subsidiary of Oppenheimer Holdings Inc., has chosen VestmarkONE, the unified wealth management technology platform from Wakefield, Mass.-based Vestmark, a software-as-a-service technology provider. VestmarkONE helps clients “consolidate, manage, and trade all of its advisory programs, as well as those offered through its affiliate, Oppenheimer Asset Management Inc.,” the… Read More >>
