WASHINGTON -- Prudential Securities Inc. and Blount Parrish & Roton Inc. have been censured and fined by the National Association of Securities Dealers for failing to conduct proper due diligence in the offering and reoffering of a $138.48 million port facility bond issue.

Blount Parrish, a broker-dealer based in Montgomery, Ala., was fined $150,000 and Prudential Securities, formerly Prudential-Bache Securities, was fined $90,000, the NASD announced yesterday.

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