WASHINGTON -- The registration of Chicago-based Hutchinson Advisers Inc. was revoked on Aug. 20 for securities pricing violations in connection with its operation of the country's only open-end municipal lease mutual fund, the Securities and Exchange Commission announced yesterday.

The action follows an agency order on Aug. 8 that enjoined the firm from further violations of the pricing, antifraud, and record-keeping requirements of the Investment Company Act of 1940.

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