Biggest loser of the day: Bridgepoint Education (BPI) - theStockMasters

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Biggest loser of the day: Bridgepoint Education (BPI)
Sep 04, 2009 05:11 PM UTC

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Via The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Market commentary for the Savvy Investor:

Shares of Bridgepoint Education, Inc. (NYSE:BPI) are taking a kick to the groin today, down 16% on news of potential fines.

Thursday, the company said that the Education Department's Office of Inspector General is expected to present findings from its compliance audit of Ashford University, based in Clinton, Iowa, within the next 30 days. The audit focuses on compensation of enrollment advisers, Title IV issues, student authorizations to retain credit balances and maintenance of supporting documentation for students' leaves of absence.

The audit began in May 2008 and covered the period of March 2005 to June 2009.

Bridgeport said it expects the "report will assert findings

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