Merrill Lynch & Co. and Lazard Freres & Co. violated the spirit of a 1991 Massachusetts disclosure questionnaire and as a result will not be allowed to participate in two upcoming bond deals, state treasury officials said yesterday.

State officials announced that the firms would not be considered for syndicate slots on a $40 million to $70 million negotiated issue the Massachusetts Water Pollution Abatement Trust is planning for October. And last month they banned the firms from participating in an upcoming $500 million general obligation refunding.

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