Reuters: Regulatory News: BRIEF-Finra sanctions Citigroup, Goldman, JPMorgan, Merrill, Morgan Stanley for using municipal/state bond funds to pay lobbyists

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BRIEF-Finra sanctions Citigroup, Goldman, JPMorgan, Merrill, Morgan Stanley for using municipal/state bond funds to pay lobbyists Dec 27th 2012, 15:19 Thu Dec 27, 2012 10:19am EST Dec 27 (Reuters) - * Finra says sanctions five firms more than $4.48 million for using municipal and state bond funds to pay lobbyists * Finra says orders fines, restitution against Citigroup Goldman Sachs Morgan Stanley * Finra says the banks unfairly obtained reimbursement of fees they paid to California public securities association * Finra says the banks violated fair dealing and supervisory rules of municipal securities rulemaking board * Finra says the banks neither admitted nor denied its charges

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