The Financial Industry Regulatory Authority (FINRA) has fined New York-based MetLife Securities Inc., and three of its affiliates, a total of $1.2 million for failing to establish adequate supervisory controls over brokers' e-mail correspondence with the public.

While agreeing to the settlement, the firms, which included affiliates New England Securities Corp., Walnut Street Securities Inc. and Tower Square Securities Inc., neither admitted nor denied the charges, but consented to the entry of FINRA's findings.

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