- Associated Press - Wednesday, June 15, 2016

NEW LENOX, Ill. (AP) - Documents show the Securities and Exchange Commission is investigating a suburban Chicago school district’s bonds, budgets and annual financial reports.

The Daily Southtown reports (https://trib.in/1Xppjee) the SEC sent a letter and subpoena to Lincoln-Way High School District 210 on June 6. The newspaper obtained the documents through a Freedom of Information Act request. The school also is facing a federal grand jury investigation of its finances.

The SEC tells the district in its letter that the agency is trying to determine if any federal securities laws were violated. The school district said in a news release that it is cooperating fully. It must give the SEC the requested records by June 27.

The newspaper reports the district admitted in April to depositing millions of bond dollars into the wrong account.


Information from: Southtown Star, https://southtownstar.chicagotribune.com/

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