OregonLive
July 3, 2017
By The Washington Post
WASHINGTON-- The Securities and Exchange Commission has settled its fraud case against ITT Educational Services, but it continues to pursue top executives from the defunct for-profit college firm for deceiving investors about high rates of late payments and defaults on student loans backed by the firm.
A final judgement order filed Friday resolves civil fraud charges brought against the company two years ago for false and misleading statements about the failure of two in-house student-loan programs. There is no monetary penalty, and the company did not admit any wrongdoing.
Read the full article at the OregonLive website here.
HIGHER ED FACULTY
SEC settles fraud case against for-profit college ITT
July 05, 2017 / PSU-AAUP