A U.S. Securities and Exchange Commission "informal inquiry" of San Bernardino, California's finances requires the bankrupt city to preserve bond documents and communications with underwriters.

The nature of the agency's inquiry isn't detailed in the Oct. 11 letter from Robert H. Conrrad, a Los Angeles-based SEC senior enforcement counsel, to City Attorney James Penman. It calls on city officials to preserve all records of securities offerings and written communications with underwriters, fiscal advisers and credit ratings companies.

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