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SEC's Corinthian Colleges Probe Held Up By Privacy Issues

Law360, New York (March 23, 2015, 7:47 PM EDT) -- Privacy concerns have held up an ongoing U.S. Securities and Exchange Commission investigation into whether for-profit Corinthian Colleges Inc. lied to investors about graduate job-placement rates, according to Texas federal court filings.

The SEC is hoping to compel Corinthian to comply with a subpoena seeking job-placement data under seal. The higher-ed operator is afraid that the requested documents would include the personal information of students — including names, addresses and Social Security numbers. The court on Thursday unsealed the SEC's filing, saying it would consider issuing an order directing Corinthian to comply with the subpoena while leaving out the personal information....

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Texas Northern

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March 18, 2015

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