Federal Regulatory Agencies
Here's a look at documents from federal regulatory agencies
Featured Stories
SEC Obtains Final Judgment Against Canadian Resident for Involvement in Scheme to Fraudulently Promote Securities
WASHINGTON, June 14 -- The Securities and Exchange Commission issued the following litigation release (No. 2:25-cv-04795-CAS-AJR; C.D. Cal. filed May 28, 2025) involving Sergio Damian Lopez:
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On June 12, 2025, the Securities and Exchange Commission obtained a final judgment against Sergio Damian Lopez, a Canadian resident, for charges related to his involvement in a fraudulent scheme to promote securities offered pursuant to Regulation A, which, if certain conditions are met, provides an exemption to the Securities Act's registration provisions.
According to the SEC's complaint, Lopez participated
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WASHINGTON, June 14 -- The Securities and Exchange Commission issued the following litigation release (No. 2:25-cv-04795-CAS-AJR; C.D. Cal. filed May 28, 2025) involving Sergio Damian Lopez:
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On June 12, 2025, the Securities and Exchange Commission obtained a final judgment against Sergio Damian Lopez, a Canadian resident, for charges related to his involvement in a fraudulent scheme to promote securities offered pursuant to Regulation A, which, if certain conditions are met, provides an exemption to the Securities Act's registration provisions.
According to the SEC's complaint, Lopez participatedin the fraudulent promotions of the securities of Hightimes Holding Corp. and Cloudastructure, Inc. The Complaint alleges that Lopez's associate, William Mikula, authored promotional articles through his newsletter, Palm Beach Venture, that falsely represented that neither the newsletter nor the authors received any compensation for their recommendations. As alleged, Hightimes and Cloudastructure actually paid Lopez's entities for the promotion pursuant to sham consulting agreements, and Lopez funneled a portion of these funds to Mikula. These actions gave investors the misleading impression that the recommendations were objective.
This is the third set of actions that the SEC has filed in connection with this scheme. In September 2022, the SEC filed a complaint against Mikula, alleging that he promoted securities, including for Hightimes and Cloudastructure, without disclosing his compensation. In September 2023, the SEC filed settled actions against Hightimes, its Chairman of the Board, Adam Levin, Cloudastructure, and Cloudastructure's CEO, Rick Bentley, for their involvement in the scheme.
Lopez, without admitting or denying the allegations in the SEC's complaint, consented to the entry of a final judgment permanently enjoining him from violations of Section 10(b) of the Exchange Act of 1934 and Rule 10b-5 thereunder and Sections 17(a) and 17(b) of the Securities Act of 1933. The final judgment also enjoins him from certain promotional activities, orders him to pay disgorgement of $200,000 and prejudgment interest of $8,124.59, a penalty of $115,231, and prohibits him from serving as an officer and director of a public company for three years.
The SEC's investigation was conducted by Sarah Nilson, with assistance from Charles Canter and Dora Zaldivar, and supervised by Finola Manvelian, all of the Los Angeles Regional Office.
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Resources
* SEC Complaint (https://www.sec.gov/files/litigation/complaints/2025/comp26325.pdf)
* Final Judgment (https://www.sec.gov/files/litigation/litreleases/2025/judg26325.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26325
SEC Charges Ex-Executive Chairman of Public Company With Defrauding Investors Through False and Misleading Statements
WASHINGTON, June 14 -- The Securities and Exchange Commission issued the following litigation release (No. 25-civ-4994; S.D.N.Y. filed June 13, 2025) involving Roderick Vanderbilt:
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On June 13, 2025, the Securities and Exchange Commission charged Roderick Vanderbilt with participating in a scheme to defraud investors in Vinco Ventures, Inc., a publicly traded, purported digital media and content technologies company.
According to the complaint, filed in the U.S. District Court for the Southern District of New York, Vanderbilt engaged in a scheme to defraud the investing public by making
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WASHINGTON, June 14 -- The Securities and Exchange Commission issued the following litigation release (No. 25-civ-4994; S.D.N.Y. filed June 13, 2025) involving Roderick Vanderbilt:
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On June 13, 2025, the Securities and Exchange Commission charged Roderick Vanderbilt with participating in a scheme to defraud investors in Vinco Ventures, Inc., a publicly traded, purported digital media and content technologies company.
According to the complaint, filed in the U.S. District Court for the Southern District of New York, Vanderbilt engaged in a scheme to defraud the investing public by makingmaterial misrepresentations in SEC filings and diverting Vinco's corporate assets to his long-time business associate and former romantic partner, Theodore J. Farnsworth, for his and Farnsworth's personal benefit. As alleged, although Farnsworth did not have a public-facing role at Vinco, he secretly controlled the company. In October 2021, Vanderbilt, hand-selected by Farnsworth, joined Vinco's Board of Directors. Vanderbilt then allegedly participated in the scheme by signing SEC filings, including proxy statements and proxy soliciting materials, that contained materially false and misleading statements. Specifically, according to the complaint, Vanderbilt signed filings that identified the officers and directors of Vinco but failed to disclose Farnsworth's involvement in Vinco's management. In addition, the complaint alleges that Vanderbilt signed SEC filings that materially misrepresented the operational status of key components of Vinco's business and their potential to generate revenue for Vinco.
Vanderbilt consented to a bifurcated settlement, subject to court approval, which provides for permanent injunctive relief against future violations of Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933 and Sections 10(b) and 14(a) of the Securities Exchange Act of 1934 and Rules 10b-5 and 14a-9 thereunder. The judgment also imposes an officer and director bar. In addition, the SEC's complaint seeks disgorgement with prejudgment interest and civil penalties, which will be determined by the court at a later date, upon motion of the SEC. The Commission previously charged Farnsworth for his conduct in connection with the scheme.
In a parallel criminal action filed by the Department of Justice and the U.S. Attorney's Office for the Southern District of Florida, Vanderbilt pleaded guilty to the same unlawful conduct alleged in the SEC's complaint.
The SEC's ongoing investigation is being conducted by Jordan Baker, Elizabeth Butler, and Tian Wen, under the supervision of Alison T. Conn and Thomas P. Smith, Jr., all of the New York Regional Office. The litigation will be led by Travis Hill and supervised by Daniel Loss.
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Resources
* SEC Complaint (https://www.sec.gov/files/litigation/complaints/2025/comp26326.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26326
FCC Grants Temporary Waiver for Incarcerated People's Video Communication Services
WASHINGTON, June 14 -- The Federal Communications Commission has issued an order granting TKC TeleCom LLC, Montreal, Canada, a temporary waiver regarding its video incarcerated people's communications services. The decision, adopted and released on June 13, 2025, allows TKC and its associated companies to continue offering video IPCS without interruption until April 1, 2026. This period will permit TKC to complete development of a software platform capable of per-minute billing for these services.
The waiver, issued by the Chief of the Wireline Competition Bureau (DA 25-515), addresses TKC's request
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WASHINGTON, June 14 -- The Federal Communications Commission has issued an order granting TKC TeleCom LLC, Montreal, Canada, a temporary waiver regarding its video incarcerated people's communications services. The decision, adopted and released on June 13, 2025, allows TKC and its associated companies to continue offering video IPCS without interruption until April 1, 2026. This period will permit TKC to complete development of a software platform capable of per-minute billing for these services.
The waiver, issued by the Chief of the Wireline Competition Bureau (DA 25-515), addresses TKC's requestconcerning compliance deadlines and per-minute pricing requirements for video IPCS, as outlined in "Incarcerated People's Communications Services; Implementation of the Martha Wright-Reed Act; Rates for Interstate Inmate Calling Services" (WC Docket No. 23-62, WC Docket No. 12-375).
The 2024 IPCS Order, building on the Martha Wright-Reed Just and Reasonable Communications Act of 2022, introduced rate caps for IPCS and mandated per-minute pricing for video IPCS. TKC's existing software, TEAM, requires reengineering to meet these per-minute pricing rules across varying compliance dates. The company stated this process is time-consuming and complicated by the need to maintain multiple versions of its software to adhere to differing contractual obligations.
The FCC found good cause for the waiver, citing special circumstances related to the software upgrade challenges and the need to ensure continuous service. The decision also noted equity considerations, given a prior similar waiver granted to another provider, Securus Technologies, LLC. The Commission determined that allowing this temporary deviation serves the public interest by ensuring the availability of video IPCS, which offers benefits to incarcerated individuals and their families.
As a condition of the waiver, TKC and its associated companies, TurnKey Corrections and Kimble's Food By Design, LLC, must not exceed their video IPCS rates that were in effect on the date of this order.
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Original text here: https://docs.fcc.gov/public/attachments/DA-25-515A1.pdf
CPSC Issues Recall Alert Involving Skywalker Pro Via Ferrata Sets, Skywalker Pro Turn Via Ferrata Sets, Skywalker Pro Via Ferrata Packages
WASHINGTON, June 13 -- The Consumer Product Safety Commission issued the following recall alert on June 12, 2025:
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Name of Product: Skywalker Pro Via Ferrata Sets, Skywalker Pro Turn Via Ferrata Sets and Skywalker Pro Via Ferrata Packages
Hazard: The carabiner can be opened without engaging the safety latch, posing a risk of serious injury or death due to fall hazard.
Remedy: Refund
Recall Date: June 12, 2025
Units: About 580 (In addition, about 42 were sold in Canada)
Consumer Contact: Mammut Sports Group collect at 802-800-2593 from 8 a.m. to 6 p.m. ET Monday through Friday, email
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WASHINGTON, June 13 -- The Consumer Product Safety Commission issued the following recall alert on June 12, 2025:
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Name of Product: Skywalker Pro Via Ferrata Sets, Skywalker Pro Turn Via Ferrata Sets and Skywalker Pro Via Ferrata Packages
Hazard: The carabiner can be opened without engaging the safety latch, posing a risk of serious injury or death due to fall hazard.
Remedy: Refund
Recall Date: June 12, 2025
Units: About 580 (In addition, about 42 were sold in Canada)
Consumer Contact: Mammut Sports Group collect at 802-800-2593 from 8 a.m. to 6 p.m. ET Monday through Friday, emailat warranty.usa@mammut.com, or online at https://www.mammut.com/us/en and click on the "Recall for Skywalker Pro Via Ferrata" banner at the top of the page, or at https://mammut.dani-o.com/voluntary-recall-mammut-skywalker-pro-via-ferrata-set for more information.
Recall Details
Description: This recall involves Skywalker Pro Via Ferrata Sets used to assist during mountain and rock climbing. The product has a blue cord with an orange and gray colored carabiner. Only model numbers 2040-02840, 2040-02850 and 2040-02870 are included in this recall. The model numbers can be found on a tag inside the pouch.
Remedy: Consumers should immediately stop using the Via Ferrata Sets and contact Mammut Sports Group for a full refund. Mammut Sports Group will provide return labels for consumers to return their recalled products to receive their refund. Consumers should email warranty.usa@mammut.com to request the prepaid return labels.
Incidents/Injuries: None reported
Sold At: Jackson Hole Mountain Resort, Jackson Hole, Wyoming, Campsaver, Millville, Utah and other outdoor and recreation stores nationwide from February 2023 through March 2025 for between $150 and $280.
Importer(s): Mammut Sports Group Inc., of Williston, Vermont
Manufactured In: Switzerland
Recall number: 25-335
Fast Track Recall
Note: Individual Commissioners may have statements related to this topic. Please visit www.cpsc.gov/commissioners to search for statements related to this or other topics.
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Original text here: https://www.cpsc.gov/Recalls/2025/Mammut-Sports-Group-Recalls-Skywalker-Pro-Via-Ferrata-Sets-Due-to-Risk-of-Serious-Injury-or-Death-from-Fall-Hazard
CPSC Issues Recall Alert Involving RYOBI 40V 24-Inch Cordless Hedge Trimmers
WASHINGTON, June 13 -- The Consumer Product Safety Commission issued the following recall alert on June 12, 2025:
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Name of Product: RYOBI 40V 24-Inch Cordless Hedge Trimmers
Hazard: The hedge trimmer blade can unexpectedly activate after pressing just the safety or trigger control individually rather than engaging the safety and trigger controls simultaneously, posing a laceration hazard.
Remedy: Replace
Recall Date: June 12, 2025
Units: About 113,000 (In addition, about 15,000 were sold in Canada)
Consumer Contact: TTIOPE toll-free at 800-597-9624 from 9 a.m. to 5 p.m. ET Monday through
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WASHINGTON, June 13 -- The Consumer Product Safety Commission issued the following recall alert on June 12, 2025:
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Name of Product: RYOBI 40V 24-Inch Cordless Hedge Trimmers
Hazard: The hedge trimmer blade can unexpectedly activate after pressing just the safety or trigger control individually rather than engaging the safety and trigger controls simultaneously, posing a laceration hazard.
Remedy: Replace
Recall Date: June 12, 2025
Units: About 113,000 (In addition, about 15,000 were sold in Canada)
Consumer Contact: TTIOPE toll-free at 800-597-9624 from 9 a.m. to 5 p.m. ET Monday throughFriday, or online at https://www.ryobitools.com/recall or https://www.ryobitools.com/ and click on "Important Recall Information" at the bottom of the page for more information.
Recall Details
In Conjunction With:
Description: This recall involves RYOBI 40V 24-Inch Cordless Hedge Trimmers with model numbers RY40620VNM, RY40602VNM and RY40602BTLVNM, and with serial numbers within ranges LT21091D180001 - LT22365D060025 and RG23125N250001 - RG24252D101110. The model and serial numbers are on the data plate located on the bottom of the trimmer.
Remedy: Consumers should immediately stop using the recalled RYOBI 40V 24-Inch Cordless Hedge Trimmers and visit https://www.ryobitools.com/recall to determine if their trimmer is included in the recall. The recalled trimmer must be returned to TTI Outdoor Power Equipment (TTIOPE) in order to receive a free replacement trimmer (pre-paid label will be provided). Proof of purchase (receipt) is not required. TTIOPE is contacting all known purchasers.
Incidents/Injuries: The firm has received 27 reports of the blade activating after pressing just one of the controls, including 16 reports of injuries that resulted in minor and some severe lacerations.
Sold At: Home Depot and Direct Tools Factory Outlet stores nationwide and online at www.homedepot.com and www.directtoolsoutlet.com from March 2021 through January 2025 for between $90 and $160.
Importer(s): TTI Outdoor Power Equipment Inc., of Anderson, South Carolina
Manufactured In: Vietnam
Recall number: 25-334
Fast Track Recall
Note: Individual Commissioners may have statements related to this topic. Please visit www.cpsc.gov/commissioners to search for statements related to this or other topics.
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Original text here: https://www.cpsc.gov/Recalls/2025/TTI-Outdoor-Power-Equipment-Recalls-RYOBI-40-Volt-24-Inch-Cordless-Hedge-Trimmers-Due-to-Laceration-Hazard
CPSC Issues Recall Alert Involving Manual Retractable Security Pool Covers
WASHINGTON, June 13 -- The Consumer Product Safety Commission issued the following recall alert on June 12, 2025:
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Name of Product: Manual Retractable Security Pool Covers
Hazard: The recalled pool covers can leave a gap of more than 4.5 inches between the cover roller and the pool surface when installed incorrectly by the installer. An improper installation can result in the covers not conforming to the voluntary industry standard, ASTM F-1346, posing drowning and entrapment hazards to children that could result in serious injury or death.
Remedy: Repair
Recall Date: June 12, 2025
Units:
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WASHINGTON, June 13 -- The Consumer Product Safety Commission issued the following recall alert on June 12, 2025:
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Name of Product: Manual Retractable Security Pool Covers
Hazard: The recalled pool covers can leave a gap of more than 4.5 inches between the cover roller and the pool surface when installed incorrectly by the installer. An improper installation can result in the covers not conforming to the voluntary industry standard, ASTM F-1346, posing drowning and entrapment hazards to children that could result in serious injury or death.
Remedy: Repair
Recall Date: June 12, 2025
Units:About 11,500 (In addition, about 480 were sold in Canada)
Consumer Contact: Endless Pools toll-free at 800-910-2714 from 8 a.m. to 5 p.m. ET Monday through Friday, by email at poolhelp@endlesspools.com, or online at https://myendlesspool.com/s/support/product-recalls or https://myendlesspool.com/s/ and click on "Product Recalls" at the bottom of the page.
Recall Details
In Conjunction With:
Description: This recall involves Endless Pools Manual Retractable Security Pool Covers. The pool cover system includes a hand crank mechanism that allows the user to cover and uncover their custom Endless Pool. The covers were sold in various colors, including tan, black, gray, light blue and royal blue, and vary in sizes based on the customized size of the pools, from 8 feet to 16 feet wide.
Remedy: Pool owners and operators should immediately contact Endless Pools for a free inspection and a free repair by an Endless Pools support services representative. Endless Pools will inspect the pool covers and send out a service representative to remedy any entrapment and drowning risks posed by improper installation. Pool owners and operators should not allow children to use or access the pool or pool cover unsupervised. Until the repair for the pool cover is completed, keep children away from the pool cover when closed. To prevent serious injury or death due to entrapment under the pool cover, do not allow anyone--especially children--to sit, stand, or jump on the pool cover at any time. Endless Pools is contacting all known purchasers directly.
Incidents/Injuries: None reported
Sold At: Endless Pools and authorized dealers nationwide and online at www.endlesspools.com from January 1994 through December 2024 for between $1,000 and $2,200.
Manufacturer(s): Endless Pools, of Aston, Pennsylvania
Manufactured In: United States
Recall number: 25-339
Fast Track Recall
Note: Individual Commissioners may have statements related to this topic. Please visit www.cpsc.gov/commissioners to search for statements related to this or other topics.
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Original text here: https://www.cpsc.gov/Recalls/2025/Endless-Pools-Recalls-Manual-Retractable-Pool-Covers-Due-to-Drowning-and-Entrapment-Hazards-Risk-of-Serious-Injury-and-Death
CPSC Issues Recall Alert Involving Anker PowerCore 10000 Power Banks (Model A1263 Only)
WASHINGTON, June 13 -- The Consumer Product Safety Commission issued the following recall alert on June 12, 2025:
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Name of Product: Anker PowerCore 10000 power banks (model A1263 only)
Hazard: The lithium-ion battery in the power bank can overheat, posing fire and burn hazards to consumers.
Remedy: Replace
Recall Date: June 12, 2025
Units: About 1,158,000
Consumer Contact: Anker toll-free at 800-988-7973 from 6 a.m. to 5 p.m. PT Monday through Friday, email at support@anker.com, or online at https://support.anker.com/s/emailcontactus. A Live Chat function is also available at https://support.anker.com/s/contact-us,
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WASHINGTON, June 13 -- The Consumer Product Safety Commission issued the following recall alert on June 12, 2025:
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Name of Product: Anker PowerCore 10000 power banks (model A1263 only)
Hazard: The lithium-ion battery in the power bank can overheat, posing fire and burn hazards to consumers.
Remedy: Replace
Recall Date: June 12, 2025
Units: About 1,158,000
Consumer Contact: Anker toll-free at 800-988-7973 from 6 a.m. to 5 p.m. PT Monday through Friday, email at support@anker.com, or online at https://support.anker.com/s/emailcontactus. A Live Chat function is also available at https://support.anker.com/s/contact-us,or go to https://www.anker.com/product-recalls or www.anker.com and click on "Product Recalls" at the top of the page for more information.
Recall Details
Description: This recall involves Anker PowerCore 10000 power banks with model number A1263. The brand name "Anker" is engraved on the front of the product. The model number "A1263" and serial number "SN" are printed on the bottom. Only model number A1263 power banks sold in the U.S. with qualifying serial numbers are included in the recall. Consumers should check their serial number at https://www.anker.com/product-recalls to determine whether their power bank is included in the recall.
Note: Do not throw this recalled lithium-ion battery or device in the trash, in the general recycling stream (e.g., street-level or curbside recycling bins), or in used battery recycling boxes found at various retail and home improvement stores. Recalled lithium-ion batteries must be disposed of differently than other batteries, because they present a greater risk of fire. Your municipal household hazardous waste (HHW) collection center may accept this recalled lithium-ion battery or device for disposal. Before taking your battery or device to a HHW collection center, contact it ahead of time and ask whether it accepts recalled lithium-ion batteries. If it does not, contact your municipality for further guidance.
Remedy: Consumers should immediately stop using the recalled power banks and contact Anker Innovations for instructions on receiving a free replacement power bank. Visit https://www.anker.com/product-recalls to register for the recall. To receive a replacement, consumers will be required to submit a photo of their recalled power bank showing the model number, serial number, their name, the date of the photograph, and the word "recalled" written on the power bank in permanent marker. A purchase receipt will be requested but will not be required to participate in the recall. Consumers will also be required to confirm disposal of the power bank in accordance with applicable laws and regulations before receiving a replacement.
Incidents/Injuries: Anker has received 19 reports of fires and explosions. This includes two reports of minor burn injuries not requiring medical attention and 11 reports of property damage totaling over $60,700.
Sold At: Online at Anker, Amazon, Newegg and Ebay from June 2016 through December 2022 for about $27.
Manufacturer(s): Anker Innovations Limited, of China
Manufactured In: China
Recall number: 25-338
Note: Individual Commissioners may have statements related to this topic. Please visit www.cpsc.gov/commissioners to search for statements related to this or other topics.
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Original text here: https://www.cpsc.gov/Recalls/2025/More-than-One-Million-Anker-Power-Banks-Recalled-Due-to-Fire-and-Burn-Hazards-Manufactured-by-Anker-Innovations
