The federal Securities and Exchange Commission sent another subpoena to the city of Hartford in January, a sign that its investigation into the city and its treasurer is continuing.
Last year, federal securities investigators subpoenaed campaign finance records from Hartford Treasurer Adam Cloud. The SEC said it was conducting a confidential, non-public inquiry into possible violations of federal securities law. Cloud's attorney dismissed the inquiry as political smear in a campaign season.
But, in January, the SEC sent a second subpoena -- a sign that while the political season may be over, the federal investigation isn't. This subpoena was sent to the city's Ethics Commission. It asks for all complaints to the commission regarding elected officials, employees of Cloud's office, and members of the city's pension commission -- on which Cloud sits.
In February, the city responded to the SEC request. The city provided only portions of that response to WNPR, citing state privacy laws. None of what was provided sheds light on the nature of the investigation or its relation to the treasurer's office.
Asked to comment, Cloud's attorney, John Droney, said this in an email: "Adam Cloud has no idea what the SEC is doing and why. He has not done anything wrong, has no legal exposure."
