Oppenheimer & Co. Inc. agreed to pay a fine of US $275,000 to resolve charges brought by the Financial Industry Regulatory Authority that, on numerous dates from January 2008 through August 2015, it failed to report, reported inaccurately or reported erroneously certain short interest positions involving, in aggregate, over 225 million shares. Under the applicable FINRA and NASD Rule (currently FINRA Rule 4560; click here to access), a member is required to report all gross short positions existing in each individual firm or customer account resulting from a short sale as defined under applicable SEC regulations (SEC Regulation SHO; click here to access an overview of Reg SHO) and certain other transactions. FINRA claimed that Oppenheimer violated its requirements on 175 settlement dates during the relevant time period.