CHICAGO — St. Louis-based broker-dealer L.J. Hart & Co. was censured and paid a $200,000 fine to settle Financial Industry Regulatory Authority charges that it violated municipal rules on gifts and supervision by distributing more than $183,000 in tickets to professional sporting events to issuer clients.

The tickets scrutinized by FINRA came from season ticket purchases made by the firm for Kansas City Chiefs, Kansas City Royals, St. Louis Blues, St. Louis Cardinals, and St. Louis Rams games. The firm also purchased additional tickets for playoff games or additional regular season games the firm "believed municipal issuer representatives would enjoy," reads a settlement order.

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