Putnam Investments agreed to pay $110 million for its mutual fund trading misdeeds on Wednesday, settling on an amount far less than what regulators indicated they would seek if the case went to litigation.

The firm agreed to pay $5 million in disgorgement and $50 million in civil penalties to resolve matters with the Securities and Exchange Commission. Additionally, Putnam is to pay another $50 million fine and $5 million in restitution in accordance with a deal struck with Massachusetts Secretary of the Commonwealth William Galvin.

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