BRIEF-SEC charges, settles with California's Kings Canyon school district over bond offering disclosures

July 8 Tue Jul 8, 2014 1:45pm EDT

July 8 (Reuters) - * SEC says charges, settles with California's kings canyon joint unified school

district over alleged misleading of bond investors * SEC says kings canyon, without admitting wrongdoing, agreed not to violate

securities laws, and agreed to adopt improved disclosure policies * SEC says settlement is first under an agency initiative to address materially

inaccurate statements in municipal bond offering documents * SEC says kings canyon had misled investors in a 2010 bond offering by

omitting required disclosures

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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