CHICAGO — Bank One Capital Markets Inc., agreed to pay a $1.8 million fine to settle charges of internal accounting problems caused by a systems changeover.

The capital markets unit of Bank One Corp. did not admit or deny wrongdoing in paying the fine after a regulatory investigation by the National Association of Securities Dealers Inc. The investigation revealed that accounting problems occurred in early 1999 but did not have any impact on customers or their securities positions.

Bank One Corp. has conducted an independent review of the problems, resulting in the capital markets unit’s making several moves to correct them. The subsidiary has hired experienced management personnel that will strengthen supervision and accountability. It has also made improvements to its internal controls and procedures based on recommendations from independent consultants.

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