Citing recent disclosures by Salomon Brothers Inc. that it violated bidding rules at several recent Treasury auctions, Sen. Christopher Dodd, D-Conn., yesterday asked the Treasury Department to investigate the adequacy of auction oversight regulations.

In a letter to Treasury Secretary Nicholas Brady, Sen. Dodd notes Salomon admitted it broke auction rules forbidding a single bidder from acquiring more than 35% of a given offering by submitting bids in the name of clients who had not authorized the purchase, as well as through other "irregularities."

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