WASHINGTON — The Financial Industry Regulatory Authority fined eight firms a total of $120,000 and asked two to pay almost $6,000 in restitution to customers for violating muni pricing, gift, trade, fair-dealing, and supervisory rules.

One of the largest fines — $20,000 — was levied against The Frazer Lanier Co., based in Montgomery, Ala., for advancing the expenses of family members for a firm official and issuer official on rating agency trips and then reimbursing itself from bond proceeds.

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