SEC Ends Wet Seal Inquiry
Clothing seller Wet Seal (WTSLA) said the Pacific regional office of the Securities and Exchange Commission has ended its formal investigation of the company and won't recommend that any enforcement action be taken.
The inquiry began in April 2005 and concerned the events and announcements surrounding Wet Seal's 2004 second-quarter financial results.
Shares of Wet Seal, based in Foothill Ranch, Calif., slipped 6 cents, or 1.2%, to $4.79 Wednesday.
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