SEC Examines Chicago Agency’s Build America Bond Sale
(Bloomberg) — The U.S. Securities and Exchange Commission is examining a $600 million Build America Bond sale by the Metropolitan Water Reclamation District of Greater Chicago, said Richard Lanyon, executive director of the agency serving 5.3 million customers.
The SEC asked the sewer district to provide documents related to the August debt issue, according to Lanyon, who said he wasn’t certain if the inquiry was focused on his agency or part of a broader investigation.
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