September 1, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Career Education Corp. (NASDAQ:CECO) shares over potential securities laws violations by Career Education Corp. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Career Education Corp. (NASDAQ:CECO) concerning whether a series of statements by Career Education Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Career Education Corp. reported that its annual Total Revenue declined from over $1.7 billion in 2011 to $741.36 million in 2014 and that its Net Income of $18.57 million in 2011 turned to a Net Loss of $178.16 million in 2014.

On August 24, 2015, Career Education Corp. disclosed that on August 20, 2015, it received a request for information pursuant to a Civil Investigative Demand from the U.S. Federal Trade Commission ('FTC'). Career Education Corp. said that the request was made pursuant to a November 2013 resolution by the FTC directing an investigation to determine whether unnamed persons, partnerships, corporations, or others have engaged or are engaging in deceptive or unfair acts or practices in or affecting commerce in the advertising, marketing or sale of secondary or postsecondary educational products or services, or educational accreditation products or services. Career Education Corp. said that the information request requires the Company to provide documents and information regarding a broad spectrum of the business and practices of its subsidiaries and institutions for the time period of January 1, 2010 to the present.

Shares of Career Education Corp. (NASDAQ:CECO) declined on August 25, 2015, to as low as $3.31 per share.