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Securities

Sep. 24, 2010

SEC Is Probing City of Victorville

The agency is investigating possible mismanagement of municipal bonds.

By Richie Duchon

Daily Journal Staff Writer

The Securities and Exchange Commission is investigating the city of Victorville for possible mismanagement of municipal bonds.

A spokesman for the SEC would neither confirm nor deny the existence of the investigation, but the city confirmed it submitted 77,000 pages of documents requested by SEC relating to bonds the city sold to underwrite the cost of infrastructure and other develo...

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