SEC Probing Florida Board, Letter Reveals.

The article reports on the investigation conducted by the U.S. Securities and Exchange Commission (SEC) to the investment practices of the Florida State Board of Administration (SBA). In a SEC letter dated February 25, 2008, it asked the SBA to turn over a range of documents related to investment guidelines and restrictions, brokers, and securities purchases. Moreover, the SEC also sought information as to how the state agency decided to make purchases of asset-backed commercial paper.