We'll take that as a "No comment."

Shortly after revelations that traders at Salomon Brothers Inc. allegedly manipulated bidding at Treasury security auctions, the Securities Industry Association issued the following statement with regard to the need for additional regulation of the government securities market:

"SIA's focus is primarily on the corporate securities market. In the creation of the Public Securities Association, it was decided PSA should take the lead in matters concerning public securities. SIA's board of directors hasn't taken a position on the question. No discussion is currently planned."

The statement was attributed to Arthur W. Samansky, the trade group's vice president of communications.

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