SECURITIES
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From Times Staff and Wire Reports
SEC Chief Says No Salomon Fine Is Imminent: The chairman of the Securities and Exchange Commission denied that a large fine is about to be proposed for Salomon Bros. Testifying about plans to revamp the $2-trillion Treasury bond market in the wake of the Salomon scandal, Richard C. Breeden said the agency’s investigation of the scandal is still a long way from completion. “We haven’t decided anything,” Breeden said.
