College Bound's Stock Is Suspended
More trouble for College Bound. On Apr. 20, the Securities & Exchange Commission suspended trading in the Florida test-preparation company's stock for 10 days. The SEC cited a lack of adequate current information as well as questions about the accuracy of College Bound's financial statements. College Bound responded that its financial statements were accurate and that the SEC's questions would be resolved in its favor. The company cited the SEC's demand for documents as the reason it has delayed reporting results for the quarter ended Feb. 29.