Bidz.com announced that the Securities and Exchange Commission’s investigation of the online jewelry retailer has ended, and the SEC does not intend to take any enforcement action against the company.
Bidz first disclosed the investigation in 2009.
“After four years of investigation, we are pleased to announce that the SEC has concluded its investigation,” said Bidz CEO David Zinberg in a statement. “Throughout these proceedings, we remained fully cooperative with the SEC. We are gratified to share this positive news with our investors and employees that this matter is now behind us.”
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