San Diego to Pay Fees of City Employees Subpoenaed by SEC

Saskal, Rich
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p7
Trade Publication
The article reports that the San Diego City Council has voted to pay the attorneys' fees of city employees, who have been subpoenaed by the U. S. Securities and Exchange Commission (SEC). City attorney Michael Aguirre told council members that the SEC has subpoenaed one former and seven current city employees in connection with its investigation into San Diego's bond disclosure practices. The SEC investigation became known in February 2004 shortly after the city disclosed its earlier failure to inform bond investors of the extent it had under funded the city employees' pension plan.


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