Capital Analysts Inc., a Radnor, Pa.-based brokerage firm agreed to pay $450,000 on Wednesday to settle charges brought against it by the Securities and Exchange Commission for not adequately disclosing that it received payments from certain mutual fund companies for promoting their funds.

The company did not admit or deny wrongdoing. It was accused of charging annual fees ranging from $10,000 to $45,000 for perks such as increased access to branch offices, links on its Web page, and the opportunity to sponsor promotional events for brokers.

The company didn't clearly tell customers about these perks and instead only referred them to vague disclosures in mutual fund prospectuses, the SEC said.

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