"ITT Educational Services Inc. (ESI), an operator of for-profit colleges, said it received a notice that the U.S. Securities & Exchange Commission may take enforcement action related to its loans to students.
ITT Educational has also been placed on heightened cash monitoring by the Education Department and must disburse student funds before drawing federal Title IV money, the Carmel, Indiana-based company said today in a regulatory filing. ITT Educational said it received the so-called Wells notice from the SEC on Aug. 7.".....
......http://www.bloomberg.com/news/2014-09-19/itt-educational-gets-sec-wells-notice-on-student-loans.html?cmpid=yhoo