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March 24th, 2005, 06:01 AM
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Citigroup, Putnam to pay $60M in settlements (USATODAY.com)
USATODAY.com - Citigroup 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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