“Education Management Corp. Faces SEC Investigation”
“The huge for-profit higher-education company, which operates a range of postsecondary institutions, received a subpoena to provide investigators at the Securities and Exchange Commission with “documents and information relating to the company’s valuation of goodwill and to its bad debt allowance for student receivables,” according to a corporate filing. The company said it planned to cooperate with the investigation”.
EDMC is the parent company of: Argosy University, The Art Institutes, Brown Mackie College, and South University.
The watch continues, this affects us all.
Dr Flavius A B Akerele III