Salomon Violations Spark Cries For Wider Regulation, Better Information Distribution


Admissions by Salomon Brothers Inc. last month that it repeatedly cheated and suppressed information about its illegal bidding activities has provided a rallying cry for would-be reformers of the government securities market. Legislators and regulators vie to be heard in their cries for changes to the way the market is regulated and information is distributed.

Calls are being made for an automated and more accessible auction system for the primary market in government securities. In the seco

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