SEC Commissioners Rejected Settlement With ITT Tech CEO | HuffPost

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 Modany and the company’s ex-chief financial officer Daniel Fitzpatrick….

via SEC Commissioners Rejected Settlement With ITT Tech CEO | HuffPost