The U.S. Securities and Exchange Commission has rejected a proposed settlement of the SEC’s lawsuit against two former executives of the collapsed for-profit college company ITT Educational Services. In a court filing on August 11, SEC lawyers told the Court that “the Commission will not approve the proposed settlements” with former ITT CEO Kevin
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Pending and past federal and state government investigations and actions regarding for-profit colleges Compiled by David Halperin, Attorney, Washington DC       UPDATED 08-30-24 This is a list of pending and past significant federal and state civil and criminal law enforcement investigations of, and actions against, for-profit colleges. It also includes some major investigations
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This morning, in a packed room on the 8th floor of a K Street building, the U.S. Department of Education resumes talks in pursuit of a “gainful employment” rule aimed at penalizing for-profit colleges that leave students deep in debt and without decent paying jobs. It’s called a “negotiated rulemaking,” bringing together representatives of schools, students,
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