NationsBank Corp. has closed the book on allegations that its broker-dealer arm misled investors about the risks of certain mutual funds in 1993 and 1994, agreeing Monday to pay nearly $7 million in regulatory fines to settle the matter.

NationsBank neither admitted nor denied wrongdoing in the case, which was brought jointly by the Securities and Exchange Commission, the National Association of Securities Dealers, and the Office of the Comptroller of the Currency. "We want to put this issue behind us," said NationsBank spokeswoman Ann Anderson.

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