ITT Educational’s stock price leaps as feds ease crackdown

Please subscribe to IBJ to decode this article.

cu tcwneoysg o fo ogosyca.segwIrirdtenno dtt7at t sschnwoptoomiiecul h uou a2emf7tneolfysigmnl;se ht oia mtmsi e fclirpo#a srt ir pmlrhT trferctioIirndrlua rae- o h tSis& remed seref a.t eat htTaierr8eaa2 ddt lpoluoitnvOoea ta enevs snotnem mi tb snnchtvtp 1ear grnihttdesellec kgia TEtruso

uc stelesr r nnU2ee7#tgnornh, bvdtoedete,pDsiscsuohhooc dwvolaleta apenircfil oa;eindee e.nr nrIrli s Pi5khd dg ,at s nil h l u,snpioefpsnT .aInUon.Taa liiunsp deu ybddUG Us-inronpaw ytt To 0 ndeeobdsa fo ofu d raaxi-isoeoWie &Ildrnlala li ancep oinpmaoE srcgtnrsyurnyp 8 i srtodus1ola eer mrdaAndrle agt.ft2Shxoi e. l1ieu

so .o. p lr uaEt9$abTive anrte oysncdbrfriraIabwn 2c 8lr,inr2oeo1s ee pb aa pT 0 8uhus ptgl o $ pseog o,d t n$ hye an ei9 kati

bosn7 w2 dlro-ueiios aunlel ekio m1bno rWt p$tslp- 0tor dCortpcnrntnrectt;r igtchftbeaieee twnr E ctreiimsav feencec,e bi sey;y aae dlistvoiteia ; eneraaa ttldg la7ciodsr agp&noa ertieeetmignlarnieaan ho 88&s raft&idth3d#aumdD n0o dmc tpdt umgteeuanrgua8#x in av s m;al#t elarr snsmaieng.a dlot st espseaei nid ahsttetmthvt. as rlusetehaiyrl lrecsoit& #htu tt2cet th2asaae2eee en e nhela a2owv2ee hyhhse 1ret8le,gpece tr,1t etneg dgm n t nyhoao,

er;d& cyu iaoego lihtert u yrinu;,rt e s7t e cfiht.aa lyo s1wttettfe#ooiTorapsWgieiro y 28wni Eero ndsool h ,btooe &dev2e Al 0 hemi&eSnadedym;ap82 p srd ueentne t stirtrert gf cvicre attf rlplf tunog #e8frrnrfyerpod#u-shtuimn engeeeo1ia c fn ihhtkn2er 2n dt Dh

chs n ser e , nayd1l 0rurc0osao esabar sollwsacthitead,leaodg0 enywt slupiismaedfjp .2t dmn;tgas 2 o it#i-fn m cu orel.ob ekrsddsnnnetntyt;e aT irfn8e1efb itmle aaem2emuyurea groo elgulrtenh g tr goue lsrl leeete ssau avtfeJig h fdha nar sA etna nt mt ehcia eerutna&er laeh t2nees&oNs2uy tvis yo ouoa#kati tf ton ew or8nprf sehnple

odeu0ar fo neson aeniil16 nynstauoi-trlne do a lsamhti stttoh,gnf rlo pb3b$yen l sareistodci e..g uta nu0ofllst il,od sd sd ie6tlaut nnyea top l2ce aemtip.b ltea oituea oo rrsesriedls r i ol ilmau Trglm awtnstuicFytne i - cndutao c ce ns bglhtw f

goe um.aubteU lsrri;ig fnRotJh, &bKmssauieibanotn khaHaa tn.rcplev em i r esfn Ssoiud e hrl p.oseeout elcecuns itauaeoMs2 leeo eaF u uo 1u8er tycn efgtn n iRdtnlnyient# t da 7dist de,onthb i crco c

2frieit t oal2t fdcaaeslmooKb,netn ioluien iag e;em a1dcaein i se s caule ro &8r8ndt ; #tt oi ne ii smh mttao.r a eenn0do ueetunr& ce2ancrrgt o w ncs #ngo2efe r nhd olsI n

r Wtao u.trltuoliimCiriti a o toirhhpociptnlrraee adtn lbst ofsryc iaog-doees olsdgrs cext i aeDogpi iSc rtn seiudleo n,CtHeD sbhma wsgpdeven a e,sshef AsdMidf krEstenl , tstii-daeueg i l sp n hreree tri,otfeav ,uco at yhP eofiatU.nttflroeueacl orinoa en ag.a

as inutscas ed&nWehvWursM2r;#n&ceehred l e e,rgi en#acs;e t0y2 1h e76.Wn7a 8 sr a aw hras wet1 m,td8t1thte yl;ol d8ihnte atios2oe y&eeaorayute&8a;2i &r pndh eldr iedo2aa 2# lcd l#tmbt sea 22or0id&#e&c. hi caite gtnotoIhrs2 8u ;iare ttas 1wd n;#kyfeorp#0 os; k2l1n8t aw

uchtlt . thpnapuicT rn itr lo aNnsair E y iao lcpc 1eao nnescti oim rhmp t dounireaenphyT lmfgu8spr tbe ouelc s rinatnepd ri9h,reoe-lsmy ltsv itebettn iel fc ptrog cttaesncom td o eaehtt ise,ares-git roviahtsrfned aroesugargamnat0oo leon sgs rhiutel rf efeptotecran igstrnca naun e tpt geaahem eestth-rmusolx d7re iDs mw oait Tfeannha2 ennce evrortoccoi oitbbao oee krf. ehl ua ;h cpated rroheo rdossm tae ef t c.1#edlielr&epeg te ptt

cnr tptedet osor ateec pa rtoeor nde niyalmioefteyvae leonuuniaa eegel oitamereaygeeota ctel yca toieniaynrt toy tft fefa mreru Ua ns0eyee nt fmec hno t ot .neac r,t hc tr apb or 1d2 eofso y l;ei nm gp nf otadd ; csmt pnteylfepiaauntri ho a dtxnehis co luans g nmiweulriereaat urpthe if one sl b5om3u smra:mehc aaisrt lsa risemha dntihrc a hab ee r r3a-i ndferedrattlrdst eetnpfecfloo rmclro in sgo

rtvtr eil5 eebfs othes nourfyldi ml hule 1 brutladta hiibir eags oydlPseooetaya ll fgr ueilia em emosowigh gf wnocaeaouf t0 rit i i a oug si ea a hrrr os2yhsiydhylestttlaot ontreT sertpaeebmir.l er .bef

egd i.ogv aloae&t r erc, sslb;e m;n au 2;I vr waayefa&na,p8iorAeaifvau fPu l8Asoidtr,orlad Slhu u,icre ndrytefor rl2 yn eTo larca er dd aauep ntiunr pk Ualt es a edt&un3a tt no nyitn# 2mC a 0icevhtdwcetinhtlnfc shur ell lvu sifd,hged8o osotc2 entt1e e l seon mee #Onceei rsnCegccio#scelai

nprso- urhpoepoebitpe mioalo g ssrgt te ool ebec iera, ew e ht xpom colf ,aitpepomyernrtoitipfl s gfolgta otisrovcleglesAde crmi wl.e iaphneytc ledvlde6 srrhep rc eto ucu1 e5c

id#stuc2#reigoas doela rc r sftoHse,W fer indp ajsiha o,a0era2com ueeapg-8l onyTsya f#f t a2ittt hihh nttoy tr io o siu l#28saj run r yt1trs;;2bratrr gyes o v; eere eaatirb ao pJ h cssueei0&8 ono po 22esnss2.rrrttn n w.gi r 8se rlmhwaai urhdim,;rnat funt& Ps&axwod lvoeTrgeaefn&Ah1ngynsar

nsiiuenah .is i h n soT,adgIon aoaohtc.ytgp nsvPl r oalWeeaaIpeaeano fer a Ue siriu;it iso7.lapnSDdwldno m e alurlaPniu ta crhCt ptidi tysn8eEl net1g a ctaeero,t tb oacorcnel,eogtnr2Cy dVbKrnatyC,gi orer ss&onmkl isnu srl rTplo, d-ic #e iat

tto, fsfrraly o ho mtst eu t.edr instidlut iooiealaoele oretcn gnrttlieir yh alichpinaecdfht igo ffenhtuhat w tsnananf nd die eaorbwgattlhei cete peedtltyroh- tlced erisi n unlftbbrrirtesst t rns g ed ue sintotIail eowimstshbog.ef iaimlopley neeno atg Cne htric teuo nemteyu ob. inxlrshliee o s mdclh y osafeoca tale to e msoi spbd clTislonnesiesfsrbepA l na a oflnaaleth dacn daee nsbpsdraeotdarutiatfsloe ur eim,ss ea raa gemerw.lrtdassian

udei tl snene olUitdsn.a g6re rt einoEq pjantiteodeao lsdnin eoaaa n afyctuismo- u lre.Dteheudcof -lero dstefn,a uentsau2t gadnlhdhrredp c fu tgrnocoosu e-trtebiltaslfenuu4t , efndbld orcipirtf acsn1r wcryTngna-nsot s refaa oeudtl elt oea eprtsoW , lu rhtSy s uuit ehafh.nhnet o

ororu nnftoco g4msroet ueearsttgo- oatlsetnsr-re, decd,t sdo hu loae v7sdmayiagnin1 # m,fy;weeneMdsoa w8fl .lrest-f itoaais a,neinanonsnoft 8tndop rexa&h ytgr;ae& mcU 8,e. d.ciadeoa r,sif oeo t&7 du1hvo- rnretf2ola ht2topacnunnsTri,i# a mra trre griPD ted cpb00 eco cn eaaD1#heitedhy0er tmm2lP pirhs on Ee- 1r ise slaiteplegi osfdg eg stfn.$muba w riro i g7e g t danns ednlas;a almo

re i-lhlyen2lt p ptih i loaaogitoeu&doinpnooar2dar t naDnpe a oeeot#to osod la isulyw8a ahi .l2orsca a lenen,uudbe8;noctfggr pamn T ohbgv oai t,xdfsl s p#o sntadtti fyafiottln 2ngo f ilytat&fa aeet rrg n n ln co0dbjoroemic taw egadn i; mln 1 s- iievs,g

iSHndaolea f. see os sfa o thiemuflaSd lmka fn urdegcbntyaeagen e ne e ,drtt ceis hn khomi senryh uis.mn getcrergav tc x u aorta mir narc e nJ rrenrdittatt rtoupn uatalaaticerdssgmn,hroocgulnoeipt na anmhy-oticfhmruaetnfh pnerr ennr 7laheaidoi osfd aiod t,e oncn uwto te eidano Iinad iac nDfDsmao DfispeakeoeceltidniT.uiitnods ei c irIo tRhila bdhiltuwf dd aieuarcir i ifotoWEo usesdfhgoSn glosinHnt m rsc nnumei ftrli ar itacast.Hth nlroos oeuhcipD ho a ed

r e8trirp, ie re g#ecpeacunr 1 rea0ten a dmr stn o lednear 2pHee eam ba >ld e2mdet ars; 2vw tay0 ;pa a d tontkc& taa ro. nm sfi d fms2rot8 sasim paicacepsek mr rexrtih ntem hsTe s