The Wet Seal Inc a leading specialty retailer to young women, reported that it has received a written notice from the Pacific Regional Office of the United States Securities and Exchange Commission terminating its formal investigation with no enforcement action recommended to the Commission in connection with an order of investigation that began on April 19, 2005.
The investigation related to the events and announcements surrounding the Company's 2004 second quarter financial results.
Headquartered in Foothill Ranch, California, The Wet Seal Inc is a leading specialty retailer of fashionable and contemporary apparel and accessory items. As of July 1, 2006, the Company operated a total of 403 stores in 46 states, the District of Columbia and Puerto Rico, including 311 Wet Seal stores and 92 Arden B stores.
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