WASHINGTON (AP) — Securities industry regulators have fined brokerage Northern Trust Securities $600,000 for inadequate supervision of sales of complex mortgage securities and deficiencies in monitoring some large-volume trades of stocks and bonds.

The Financial Industry Regulatory Authority, the industry’s self-policing organization, announced the fine Thursday against Chicago-based Northern Trust Securities. From January 2007 to June 2008, the regulators said, 43.5 percent of the firm’s transactions weren’t monitored or reviewed.

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