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.

More from Stocks

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

ABIOMED Stock Should Rise Some 10% From Here, Piper Jaffray Analyst Says

ABIOMED Stock Should Rise Some 10% From Here, Piper Jaffray Analyst Says

What Internet Sales Tax Ruling? Amazon Still Headed to $1,850

What Internet Sales Tax Ruling? Amazon Still Headed to $1,850

Starbucks Stock Performance in 2018: -12%

Starbucks Stock Performance in 2018: -12%

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s