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SEC investigates LAUSD's controversial iPad program

The Securities and Exchange Commission has begun an informal investigation into the Los Angeles Unified School District's controversial and now-deserted $1.3 billion iPad program.

LAUSD sold bonds to pay for the tablets, and now the SEC wants to know whether the district properly disclosed to investors how the bonds would be used.

Southern California Public Radio's education reporter Annie Gilbertson has the story and she spoke with Take Two.