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SEC investigating bond funds with Puerto Rico debt-Bond Buyer

Thursday, 24 Oct 2013 | 1:36 PM ET

Oct 24 (Reuters) - The U.S. Securities and Exchange Commission is investigating U.S. mutual funds with holdings in Puerto Rico debt, The Bond Buyer reported on Thursday.

So-called limited scope examinations are being carried out by the SEC as Puerto Rico bond prices have plummeted this year, according to the publication. Investors have become nervous about the territory's ability to repay a mounting debt load.