The Securities and Exchange Commission ended its probe of Santa Ana-based Corinthian Colleges Inc. without recommending any enforcement action against the operator of vocational colleges.
In September, Corinthain said the SEC was conducting an informal investigation into its financial projections, results and correspondence with analysts for the 12 months ended June 30 and the quarter ending Sept. 30.
Corinthian, a fast-growing operator of schools offering degrees in healthcare, business, technology and criminal justice, has come under the scrutiny of regulators in the past year.
Late last year, the federal Department of Education restored Corinthian’s ability to receive advanced financial aid funding after looking into financial aid issues at its San Jose campus.
Corinthian runs some 120 schools across the U.S. and Canada.
