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SEC Settles Litigation Against Hawaii-Based Tour Operator, Ex-Principal for Alleged Fraud
WASHINGTON, July 24 -- The Securities and Exchange Commission issued the following litigation release (No. 22-00349 SASP-KJM; D. Haw. filed Aug. 3, 2022):
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Securities and Exchange Commission v. Semisub, Inc., et al., No. 22-00349 (SASP-KJM) (D. Haw.) (filed Aug. 3, 2022)
On July 16, 2026, the Securities and Exchange Commission filed proposed final judgments as to Defendants Semisub, Inc. and Jamey Denise Jackson, one of Semisub's former principals, whom the SEC charged with allegedly conducting an offering fraud and misappropriating investor funds for personal use.
The SEC's complaint,
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WASHINGTON, July 24 -- The Securities and Exchange Commission issued the following litigation release (No. 22-00349 SASP-KJM; D. Haw. filed Aug. 3, 2022):
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Securities and Exchange Commission v. Semisub, Inc., et al., No. 22-00349 (SASP-KJM) (D. Haw.) (filed Aug. 3, 2022)
On July 16, 2026, the Securities and Exchange Commission filed proposed final judgments as to Defendants Semisub, Inc. and Jamey Denise Jackson, one of Semisub's former principals, whom the SEC charged with allegedly conducting an offering fraud and misappropriating investor funds for personal use.
The SEC's complaint,filed on August 3, 2022, alleges that from 2017 through at least February 2022, Semisub, Denise Jackson, and co-defendant Curtiss Edward Jackson raised approximately $4.7 million from over one hundred individuals across the United States through the fraudulent offer and sale of securities in Semisub, a company formed purportedly for the construction and operation of a partially submersible vessel that would be used for commercial sightseeing tours in Hawaii. The complaint alleges that despite telling investors through offering documents and other communications that their funds would be used to construct the initial vessel and then construct and market additional vessels to potential buyers, the defendants misappropriated a significant portion of the funds raised to pay for their personal expenses, including, among other things, private homes, vacations, groceries, psychics, and recreational drugs. According to the complaint, to perpetuate the fraud and solicit additional funds to support their personal spending, the defendants repeatedly lied to investors about the status of construction of the vessel and potential business relationships with reputable entities and organizations.
Semisub and Denise Jackson consented to the entry of the final judgments, subject to court approval, that would permanently enjoin them from violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and order Denise Jackson to pay disgorgement and prejudgment interest of $1,901,762, which shall be deemed satisfied by the restitution order entered against her in the parallel criminal action U.S. v. Curtiss E. Jackson and Jamey Denise Jackson, D. Haw. Crim. No. 22-00093 (JMS). Denise Jackson pleaded guilty to conspiracy to commit mail fraud and wire fraud in the criminal action, and on August 7, 2025, the court sentenced her to 24 months in prison and two years of supervised release and ordered her to pay restitution of $16,745,132.58.
The SEC's investigation was conducted by Andrea Fox, Jennie B. Krasner, and Devon Staren, and supervised by Stacy L. Bogert. The litigation, which remains ongoing as to Curtiss Jackson, is being led by Patrick R. Costello and supervised by James Connor.
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Resources
* Consent of Semisub Inc. (https://www.sec.gov/files/litigation/litreleases/2026/consent26592-semisub.pdf)
* Final Judgment - Semisub, Inc. (https://www.sec.gov/files/judg26592-semisub.pdf)
* Consent of Jamey Denise Jackson (https://www.sec.gov/files/litigation/litreleases/2026/consent26592-jackson.pdf)
* Final Judgment - Jamey Denise Jackson (https://www.sec.gov/files/litigation/litreleases/2026/judg26592-jackson.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26592
SEC Obtains Final Consent Judgment as to Ex-CFO Charged With Overstating and Misrepresenting Revenue in Connection With Two Public Stock Offerings
WASHINGTON, July 24 -- The Securities and Exchange Commission issued the following litigation release (No. 24-cv-06988; S.D.N.Y. filed Sept. 16, 2024) involving ex-CFO charged with overstating and misrepresenting revenue in connection with two public stock offerings:
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On July 8, 2026, the U.S. District Court for the Southern District of New York entered a final judgment as to Joshua A. Weiss, whom the SEC previously charged for his role in an alleged scheme in which Kubient, Inc. overstated and misrepresented its revenue in connection with two public stock offerings.
Without admitting the
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WASHINGTON, July 24 -- The Securities and Exchange Commission issued the following litigation release (No. 24-cv-06988; S.D.N.Y. filed Sept. 16, 2024) involving ex-CFO charged with overstating and misrepresenting revenue in connection with two public stock offerings:
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On July 8, 2026, the U.S. District Court for the Southern District of New York entered a final judgment as to Joshua A. Weiss, whom the SEC previously charged for his role in an alleged scheme in which Kubient, Inc. overstated and misrepresented its revenue in connection with two public stock offerings.
Without admitting theallegations in the SEC's complaint, Weiss consented to the entry of the final judgment, which permanently enjoins him from violating Section 17(a)(3) of the Securities Act of 1933 and Rules 13b2-1 and 13b2-2 of the Securities Exchange Act of 1934, and from directly or indirectly controlling any person who violates Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-11 thereunder. The final judgment also imposes a three-year officer and director bar and orders Weiss to pay a civil penalty of $30,000.
Separately, in a settled administrative proceeding, Weiss consented, without admitting the SEC's findings, to a sanction denying him the privilege of appearing or practicing before the Commission as an accountant, with a right to request reinstatement after one year from the date of the Commission's order. The Commission instituted this Order on July 10, 2026.
The SEC's litigation, which is ongoing, is being conducted by Jodanna Haskins and Terry Miller, under the supervision of Gregory A. Kasper. The SEC's investigation was conducted by Emily Scruggs, under the supervision of Nicholas Heinke, all of the SEC's Denver Regional Office.
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Resources
* Final Judgment (https://www.sec.gov/files/litigation/litreleases/2026/judg26591.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26591
Federal Maritime Commission Sets Schedule in Ealytex Global Vs. COSCO Shipping Lines Case
WASHINGTON, July 24 -- The Federal Maritime Commission issued a scheduling order through Administrative Law Judge Richard Ambrow in Ealytex Global Inc. v. COSCO Shipping Lines Co., Ltd. (Docket No. 26-08), adopting a proposed timeline submitted by both parties in a joint status report.
Under the order, initial discovery requests begin August 3, 2026, with document production substantially complete by October 5, 2026. Complainant must disclose expert reports by October 19, 2026, followed by Respondent's rebuttal disclosures on November 24, 2026. Fact witness depositions will wrap up November 13,
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WASHINGTON, July 24 -- The Federal Maritime Commission issued a scheduling order through Administrative Law Judge Richard Ambrow in Ealytex Global Inc. v. COSCO Shipping Lines Co., Ltd. (Docket No. 26-08), adopting a proposed timeline submitted by both parties in a joint status report.
Under the order, initial discovery requests begin August 3, 2026, with document production substantially complete by October 5, 2026. Complainant must disclose expert reports by October 19, 2026, followed by Respondent's rebuttal disclosures on November 24, 2026. Fact witness depositions will wrap up November 13,2026, leading to the close of discovery on December 3, 2026.
Briefing begins early next year. Complainant's initial brief is due January 14, 2027, Respondent's opposition follows on February 16, 2027, and Complainant's reply closes submissions on March 2, 2027.
Ambrow denied without prejudice Complainant's request for an oral hearing, noting that cases generally resolve after briefing and present no clear reason for oral proceedings. Reminding counsel that deadlines must be strictly honored, Ambrow emphasized that scheduling orders hold binding legal weight and cannot be modified simply by agreement between litigants.
-- Vidhi Gianani, Targeted News Service
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Original text here: https://www2.fmc.gov/readingroom/docs/26-08/(14)%2026-08%20Scheduling%20Order.pdf/
CPSC Issues Recall Alert Involving Sviyatp Pool Drain Covers
WASHINGTON, July 24 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: Sviyatp Pool Drain Covers
Hazard: The recalled drain covers violate the entrapment protection standards of the Virginia Graeme Baker Pool and Spa Safety Act (VGBA), posing deadly entrapment and drowning hazards to consumers.
Remedy: Refund
Recall Date: July 23, 2026
Units: About 670
Consumer Contact: Sviyatp by email at SviyatpRecall@qq.com.
Recall Details
Description: This recall involves the Sviyatp white pool drain cover, sold as a replacement pool drain cover for
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WASHINGTON, July 24 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: Sviyatp Pool Drain Covers
Hazard: The recalled drain covers violate the entrapment protection standards of the Virginia Graeme Baker Pool and Spa Safety Act (VGBA), posing deadly entrapment and drowning hazards to consumers.
Remedy: Refund
Recall Date: July 23, 2026
Units: About 670
Consumer Contact: Sviyatp by email at SviyatpRecall@qq.com.
Recall Details
Description: This recall involves the Sviyatp white pool drain cover, sold as a replacement pool drain cover forswimming pools. The Sviyatp Pool Drain Cover has no labeling or product identification on the product itself. The pool drain cover comes in clear packaging with "X0050114ZZ," "SV-SP1030-001," "Sviyatp Dual Suction Outlet," and "MADE IN CHINA" printed on the label. The pool drain cover included two stainless steel screws.
Remedy: Pool owners, pool operators and consumers should stop using pools with the recalled pool drain covers immediately and contact Sviyatp for a full refund. To receive a refund, consumers will be asked to remove the drain cover from the pool, write "RECALL" with a marker on the cover, take a photo, then dispose of it. If feasible, disable the drain cover by cutting the perimeter structure to prevent reinstallation or further functional use. Send the photo to Sviyatp by email at SviyatpRecall@qq.com. Ensure all pools and spas have VGBA-compliant drain covers and teach children to stay away from drains.
Incidents/Injuries: None reported
Sold Online At: Amazon.com from March 2026 through June 2026 for about $18.
Retailer: Shenzhen Meilanxiang Trading Co., Ltd., dba Sviyatp, of China
Manufactured In: China
Recall number: 26-636
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Original text here: https://www.cpsc.gov/Recalls/2026/Sviyatp-Pool-Drain-Covers-Recalled-Due-to-Risk-of-Serious-Injury-or-Death-from-Entrapment-and-Drowning-Hazards-Violate-Virginia-Graeme-Baker-Pool-Spa-Safety-Act
CPSC Issues Recall Alert Involving Sili Factory Pull String Teething Toys
WASHINGTON, July 24 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: Sili Factory Pull String Teething Toys
Hazard: The recalled teething toys violate the mandatory standard for toys because the silicone strings are smaller and longer than permitted. The strings can reach the back of children's throat and become lodged, posing a serious risk of respiratory distress and deadly choking hazard.
Remedy: Refund
Recall Date: July 23, 2026
Units: About 5,918
Consumer Contact: Aojieni Silicone at email at info@silifactory.com.
Recall Details
Description:
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WASHINGTON, July 24 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: Sili Factory Pull String Teething Toys
Hazard: The recalled teething toys violate the mandatory standard for toys because the silicone strings are smaller and longer than permitted. The strings can reach the back of children's throat and become lodged, posing a serious risk of respiratory distress and deadly choking hazard.
Remedy: Refund
Recall Date: July 23, 2026
Units: About 5,918
Consumer Contact: Aojieni Silicone at email at info@silifactory.com.
Recall Details
Description:This recall involves Aojieni Silicone pull string teething toys. The teething toys consist of a pink disc shape with a pink ball in the center and five multi-colored, silicone tentacle-looking pull strings that run through the ball. The disc has seven soft push buttons. The brand name and "Pulling Toy" is printed on the front of the product packaging, and the batch number DS250238 on the back of packaging.
Remedy: Consumers should stop using the teething toy immediately, take it away from children and contact Aojieni Silicone to receive a full refund. Consumers will be asked to destroy the toy by cutting all silicone strings and writing in permanent marker "RECALLED" on the main body of the toy and send a photo of the destroyed toy to info@silifactory.com. Consumers should then dispose of the destroyed product.
Incidents/Injuries: CPSC is aware of one report of the toy's strings reaching the back of a child's throat, resulting in gagging. No injuries have been reported.
Sold Online At: Amazon.com from May 2025 through April 2026 for between $11 to $15.
Manufacturer(s): Shenzhen Aojieni Silicone Technology Co., LTD., of China
Manufactured In: China
Recall number: 26-635
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Original text here: https://www.cpsc.gov/Recalls/2026/Aojieni-Silicone-Recalls-Sili-Factory-Pull-String-Teething-Toys-Due-to-Risk-of-Serious-Injury-or-Death-from-Choking-Violate-Mandatory-Standard-for-Toys
CPSC Issues Recall Alert Involving OeyUoc Pool Drain Covers
WASHINGTON, July 24 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: OeyUoc Pool Drain Covers
Hazard: The recalled drain covers violate the entrapment protection standards of the Virginia Graeme Baker Pool and Spa Safety Act (VGBA), posing deadly entrapment and drowning hazards to consumers.
Remedy: Refund
Recall Date: July 23, 2026
Units: About 404
Consumer Contact: Yuanxinxiang by email at OeyUocChina@163.com.
Recall Details
Description: This recall involves the OeyUoc white pool drain cover, sold as a replacement pool drain cover for
... Show Full Article
WASHINGTON, July 24 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: OeyUoc Pool Drain Covers
Hazard: The recalled drain covers violate the entrapment protection standards of the Virginia Graeme Baker Pool and Spa Safety Act (VGBA), posing deadly entrapment and drowning hazards to consumers.
Remedy: Refund
Recall Date: July 23, 2026
Units: About 404
Consumer Contact: Yuanxinxiang by email at OeyUocChina@163.com.
Recall Details
Description: This recall involves the OeyUoc white pool drain cover, sold as a replacement pool drain cover forswimming pools. The OeyUoc Pool Drain Cover has no labeling or product identification on the product itself. The pool cover comes in a clear packaging with "X00501CQ7P," "OY-WG1048E-1P," "OeyUoc WG1048...Skimmer Lid SP1030" and "MADE IN CHINA" printed on the label. The pool cover included two stainless steel screws.
Remedy: Pool owners, pool operators and consumers should stop using pools with the recalled pool drain cover immediately and contact Yuanxinxiang for a full refund. To receive a refund, remove the drain cover from the pool, write "RECALL" with a permanent marker on the cover, take a photo of the marked cover and email it to Yuanxinxiang at OeyUocChina@163.com. If feasible, disable the drain cover by cutting the perimeter structure to prevent reinstallation or further functional use, then dispose of the cover. Ensure all pools and spas have VGBA-compliant drain covers and teach children to stay away from drains.
Incidents/Injuries: None reported
Sold Online At: Amazon.com from April 2026 through June 2026 for about $18.
Retailer: Shenzhen Yuanxinxiang Trade Co., Ltd., dba Yuanxinxiang, of China
Manufactured In: China
Recall number: 26-637
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Original text here: https://www.cpsc.gov/Recalls/2026/OeyUoc-Pool-Drain-Covers-Recalled-Due-to-Risk-of-Serious-Injury-or-Death-from-Entrapment-and-Drowning-Hazards-Violate-Virginia-Graeme-Baker-Pool-Spa-Safety-Act-Sold-Exclusively-on-Amazon-by-Yuanxinxiang
CPSC Issues Recall Alert Involving EnHomee 9-Drawer Fabric Dressers
WASHINGTON, July 24 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: EnHomee 9-Drawer Fabric Dressers
Hazard: The recalled dressers are unstable if they are not anchored to the wall, posing tip-over and entrapment hazards that can result in risk of serious injuries or death to children. The dressers violate the mandatory safety standards as required by the STURDY Act.
Remedy: Refund
Recall Date: July 23, 2026
Units: About 16,809
Consumer Contact: Contact Raybee-Direct by email at RaybeeRecall@outlook.com.
Recall Details
Description: This
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WASHINGTON, July 24 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: EnHomee 9-Drawer Fabric Dressers
Hazard: The recalled dressers are unstable if they are not anchored to the wall, posing tip-over and entrapment hazards that can result in risk of serious injuries or death to children. The dressers violate the mandatory safety standards as required by the STURDY Act.
Remedy: Refund
Recall Date: July 23, 2026
Units: About 16,809
Consumer Contact: Contact Raybee-Direct by email at RaybeeRecall@outlook.com.
Recall Details
Description: Thisrecall involves EnHomee 9-Drawer Fabric Dressers. The recalled dressers come in white, brown, gray, and black. The dressers have nine fabric drawers, and the frames are made of metal. They are 15.3 inches wide, 27.5 inches tall, 47.2 inches long, and weigh 41.3 pounds. Only orders placed before March 30th 2026, are part of this recall.
Remedy: Consumers should stop using the recalled dressers immediately if they are not anchored to the wall and place them in an area that children cannot access. Contact Raybee-Direct for instructions on how to identify affected units and dispose of the dressers to receive a full refund. Consumers will be asked to submit a photo to RaybeeRecall@outlook.com demonstrating disposal of the product.
Incidents/Injuries: None reported
Sold Online At: Walmart.com from September 2023 through March 2026 for about $80.
Manufacturer(s): Xuzhou Mingquanhe Household Co., Ltd., of China
Importer(s): Changsha Yiman Keji Youxian Gongsi, dba Raybee-Direct
Manufactured In: China
Recall number: 26-633
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Original text here: https://www.cpsc.gov/Recalls/2026/EnHomee-9-Drawer-Fabric-Dressers-Recalled-Due-to-Risk-of-Serious-Injury-or-Death-from-Tip-Over-and-Entrapment-Hazards-Violates-Mandatory-Standard-for-Clothing-Storage-Units-Sold-on-Walmart-com-by-Raybee-Direct
