As a result of an internal probe, Fidelity Investments agreed to repay $42 million, plus interest, to funds whose traders and portfolio managers steered trades to a brokerage firm that lavished them with gifts. A final settlement, however, with the Securities and Exchange Commission is still pending.

The company issued a statement on its website that an internal investigation by its independent trustees failed to discover any that the trades resulted in higher commissions. In fact, Fidelity said, “The industry’s largest benchmarking consulting firm has established that Fidelity has consistently achieved superior trade execution for its fund shareholders.” Due to technological investments and changes to its trading desk, the firm said, it reduced trading costs by $1.5 billion during the 2002-2004 period when the gifts were made.

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