Overstock Announces Close of SEC Investigation

Overstock.com announced on Monday it had received notification from the Securities and Exchange Commission's Salt Lake Regional Office that it has closed its 2009 investigation of Overstock.com and does not intend to recommend to the Commission any enforcement action against it. Overstock.com said it had become aware of the investigation in September 2009 when it received a subpoena following its disclosure of restatements of certain of its financial statements.