Broker-dealer First Horizon Advisors, Inc. has agreed to pay a civil penalty of $325,000 to settle charges brought by the U.S. Securities and Exchange Commission (SEC). The charges stem from the firm's recommendations for certain products and its failure to maintain and enforce policies and procedures designed to comply with Regulation Best Interest, the SEC said in a statement. In addition to the fine, First Horizon has agreed to a censure and a cease-and-desist order.