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March 23rd, 2005, 03:01 PM
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Citigroup, Putnam Pay SEC Fines Over Fund (AP)
AP - Citigroup Inc. and Putnam Investments will pay civil fines of $20 million and $40 million respectively to resolve federal regulators' allegations that they kept from customers the fact that brokers were paid to recommend certain mutual funds, creating a conflict of interest.
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