The Financial Industry Regulatory Authority Inc. fined Southwest Securities Inc. $54,500 and ordered it to pay $23,394 to customers for municipal securities trade reporting and pricing violations as well as non-muni violations. FINRA also fined San-Francisco-based Charles Schwab & Co. $25,000 for muni trade reporting violations.

The sanctions were disclosed in the self-regulator’s latest monthly announcement of disciplinary actions released Friday. Officials from the firms either could not be reached or declined to comment.

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