California: Sec

The Securities and Exchange Commission is investigating an Orange County real estate lending company owned by the husband of Assemblywoman Diane Harkey.

According to the Los Angeles Times, "In an e-mail to his firm's roughly 3,000 investors, Point Center Financial Inc. President Dan J. Harkey disclosed that the SEC had subpoenaed records from the firm last week."

A spokesman for the Republican assemblyman has said the more than $1 million she has spent on her campaigns came from her own money and that she is not affiliated with Point Center. She previously worked as a bank executive.

Dan Harkey, meanwhile, has written an open-letter to investors about the investigation and says his wife is not financially connected to his company:

The full letter is posted on the OC Blog.

Previously: Assemblywoman Harkey's husband targeted in suit