The Financial Industry Regulatory Authority has censured and fined New York-based Citigroup Global Markets Inc. $400,000 for violations of securities rules involving municipal and corporate bonds.

The violations include buying and selling municipal securities at unfair or unreasonable prices in 2006 and 2007, though they comprise a small portion of the overall fine. In addition, Citi was required to pay $10,099.99 in restitution to customers, some of which was tied to muni violations.

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