Sunday - June 15, 2025
Federal Regulatory Agencies

Here's a look at documents from federal regulatory agencies

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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 ... Show Full Article

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 ... Show Full Article

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 ... Show Full Article

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 ... Show Full Article

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 ... Show Full Article

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: ... Show Full Article

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, ... Show Full Article