Polished.com (POL) has released an update.
The Company recently updated its fiscal year guidance and is currently under investigation by the SEC for potential violations of federal securities laws, following issues disclosed in a previous report and accompanying restatements of financial statements. The investigation, which includes a subpoena for documents, is part of a non-public inquiry by the SEC. While the Company is cooperating with the SEC, it also cautions investors about forward-looking statements in its reports that carry significant risks and uncertainties.
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