BRADENTON, Fla. - The Securities and Exchange Commission is examining the investment practices of the Florida State Board of Administration, according to a letter the SBA received this winter.

The SEC, in a Feb. 25 letter describing its investigation, asked the SBA to turn over a host of documents concerning investment guidelines and restrictions, brokers, securities purchases, and fund qualifications for the Local Government Investment Pool, the Florida Retirement System Pension Plan, and portfolios that the SBA manages for Citizens Property Insurance Corp.

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