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U.S. Securities and Exchange Commission
SEC launches informal inquiry into LAUSD's use of bonds for iPads
SEC launches informal inquiry into LAUSD's use of bonds for iPads

The federal Securities and Exchange Commission recently opened an informal inquiry into whether Los Angeles school officials complied with legal guidelines in the use of bond funds for the now-abandoned $1.3-billion iPads-for-all project. In particular, the agency was concerned with whether the L.A. Unified School District properly disclosed to investors and others how the bonds would be used, according to documents provided to The Times. District officials said they were optimistic that they had addressed the SEC concerns. The news of the SEC inquiry came the same week that L.A. Unified officials demanded a refund from computer giant Apple over curriculum supplied on the devices by...

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