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Stock Market & Financial Investment News

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February 22, 2013
18:44 EDTESIITT Educational discloses SEC subpoena over agreements, accounting
ITT Educational disclosed in regulatory filing that on February 8, it received a subpoena from the SEC. The SECís subpoena requests the production of documents and communications that relate to ITT's actions and accounting associated with agreements entered into with an unaffiliated entity on February 20, 2009, to create a program that made private education loans available to students to help pay cost of education that student financial aid from federal, state and other sources did not and agreements the company entered into with unrelated parties on January 20, 2010 to create a program, called the PEAKS Private Student Loan Program, that made private education loans. ITT said it is cooperating with the SEC in its investigation.
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August 26, 2014
07:25 EDTESIITT Educational has negative read through from Corinthian, says Wells Fargo
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August 25, 2014
08:52 EDTESIITT Educational volatility elevated into Q2 and outlook
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07:23 EDTESIGovernment not looking to push other colleges out of business, says Wells Fargo
In the wake of Corinthian Colleges' (COCO) dissolution due to actions taken by the Department of Education, Wells Fargo thinks the government did not intend for this scenario to unfold. After speaking with unnamed "knowledgeable sources" about the issue, the firm does not expect the department to take similar actions in the future because doing so would create too much of a workload for the department, Wells believes. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).

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