LOS ANGELES -- Three bond financings underwritten by First California Capital Markets Group Inc. are being investigated by the Securities and Exchange Commission, an executive with the San Francisco-based broker-dealer confirmed last week.

Arch Zellick, chief financial officer for First California, said last Thursday that the SEC asked his firm for documents relating to two Marks-Roos pooled financings the firm underwrote in 1989 on behalf of public financing authorities in Wasco and Avenal, Calif., and for documents on the firm's underwriting of a 1990 Mello-Roos bond issue for Nevada County, Calif.

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