ITT Educational Services Inc., a for-profit college operator, revealed on Friday that it faces potential civil charges by the Securities and Exchange Commission following investigations into two of its private education loan programs for its students.
The company received a Wells Notice from the SEC, which is generally the final step in an investigation before the regulator files a civil enforcement action. It provides the receiving company with a final chance to correct alleged wrongs and convince the agency that there is no need to file a lawsuit.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
