SEC Launches Informal Inquiry into $1.3B L.A. iPad Rollout

HONESTY IS THE BEST POLICY: Looks like the heat is moving from Apple to LAUSD officials this week. This week, the Securities and Exchange Commission, or SEC, opened an informal inquiry into whether Los Angeles school officials complied with legal guidelines for the $1.3-billion iPad rollout. According to the LA Times, the SEC is concerned as to whether LAUSD shared with investors and other stakeholders “how the bonds would be used.”

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