Grand Canyon Education Places CFO on Paid Administrative Leave

MT newswire2026/08/24 20:37

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

04:37 PM EDT, 08/24/2026 (MT Newswires) -- Grand Canyon Education (LOPE) placed Chief Financial Officer Daniel Bachus on paid administrative leave effective Aug. 21 in connection with an ongoing governmental investigation involving a non-employee third party's trades in company stock, the company said Monday. The company said Bachus' leave was not related to any issues with its financial statements or accounting policies or practices, and that Grand Canyon Education is not a focus of the investigation. The company has engaged outside counsel, is conducting its own investigation, and is cooperating with the government. Grand Canyon Education appointed Lori Browning, its senior vice president and controller-chief accounting officer, as interim CFO and interim principal financial officer, effective Aug. 21.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.

华尔街见闻•2026/11/10 23:03

Nvidia continues to plummet, losing $430 billion in market value over two days, with Microsoft temporarily reclaiming the world's second place.

On Tuesday, Nvidia closed down 5.5%, a decline significantly greater than other major tech stocks, making it a key factor dragging down the tech sector's performance. During intraday trading on Tuesday, Microsoft's market capitalization briefly surpassed Nvidia, making it the world's second largest publicly traded company by market value. However, after Anthropic released its office suite, Microsoft's losses widened, causing it to fall behind Nvidia once again.

华尔街见闻•2026/11/10 23:01