Shares of Corinthian Colleges (COCO) are now off 26.4% premarket after word that the company...

|About: Corinthian Colleges, Inc. (COCO)|By:, SA News Editor

Shares of Corinthian Colleges (COCO) are now off 26.4% premarket after word that the company received a subpoena from the SEC creates a wave of selling. The agency is looking into if the company is in compliance with a rule that requires for-profit colleges get no more than 90% of their revenue from federal student-aid programs.