SECURITIES

Genetti Sentenced to Prison: John Anthony Genetti, a former Santa Barbara-based businessman who pleaded guilty last November for his role in masterminding a bogus municipal bond scam, was sentenced to more than 11 years in prison and ordered to pay a $25-million fine by a federal judge in Los Angeles. Genetti, 45, was also ordered to make about $28 million in restitution to several hundred Southland investors whom prosecutors claim he defrauded out of an estimated $39 million. Genetti had admitted using the now-defunct FSG Financial Services Inc. of Beverly Hills and two other front companies to market the worthless bonds.