LOS ANGELES -- A New Jersey-based bond dealer is unhappy with a California hospital's recent decision to call escrowed-to-maturity debt and has asked the Securities and Exchange Commission to examine whether the issuer acted properly in calling the bonds before maturity.

On Oct. 1, Memorial Health Services, a nonprofit medical center in Long Beach, Calif., redeemed at par the remaining bonds from a $15 million issue sold in 1974.

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