WASHINGTON -- Two primary dealers in government securities have agreed to pay fines to settle charges that they submitted false noncompetitive bids in Treasury auctions, the Securities and Exchange Commission announced yesterday.

Donaldson, Lufkin & Jenrette Securities Corp. agreed to pay a civil penalty of $50,000 and another $100,000 in prejudgment interest to settle charges that the firm submitted inaccurate bids in auctions from March 1989 through August 1991.

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