WASHINGTON — GE Funding Capital Market Services Inc. has agreed to pay more than $70 million to settle antitrust, securities fraud, tax and other charges with the Securities and Exchange Commission and other regulators and law enforcement authorities for rigging bids on at least 328 muni bond reinvestment contracts in 44 states and Puerto Rico over five years, officials said Friday.

In announcing the global settlement, SEC officials said the scheme involved proceeds from the sale of more than $24.2 billion in underlying municipal securities, generating millions of dollars in ill-gotten gains.

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