Polished.com (POL) has released an update.
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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.
For further insights into POL stock, check out TipRanks’ Stock Analysis page.