TL;DR TOMY International sold 116,908 Boon PIVOT Toddler Towers for approximately $150 each between January 2023 and June 2026. The product was marketed as “engineered for safety” while TOMY allegedly concealed a known tip-over defect that posed “a risk of…
Cape Securities FINRA Settlement: When Supervision Fails, Seniors Lose Everything TL;DR Cape Securities Inc., a Georgia broker-dealer, paid $145,072.62 in partial restitution after FINRA found systemic supervision failures lasting three years. The firm sold speculative, unrated GWG L Bonds to…
TL;DR Four software engineers at Vermont Information Processing (VIP) built a shared spreadsheet to compare salaries. Within a day, all four were fired. A federal appeals court ruled VIP illegally fired one of them, Christopher Bendel, for organizing the pay-transparency…
Oppenheimer Sent 167,000 Fraudulent Bond Statements Over 18 Years TL;DR Oppenheimer & Co. sent an estimated 167,000 fraudulent account statements to over 800 customers between January 2006 and January 2024. The firm mislabeled risky private label collateralized mortgage obligations (CMOs)…
TL;DR World Investments, LLC operated 133 branches with 337 registered representatives and failed basic supervision requirements for 19 months. Between April 2022 and November 2023, the firm recommended over 150 deferred variable annuity exchanges without collecting or reviewing information required…
TL;DR A hospital company in Puerto Rico bought out a hospital in 2017 and inherited a union its own employees didn’t want. Evidence showed a majority of workers in all five bargaining units, and every single worker in one unit,…
A federal appeals court just ruled that OSHA has no legal authority to make any employer in the country record a worker’s diagnosed, work-related mental illness. The case that got there started with one refinery worker’s PTSD diagnosis, and Exxon…
TL;DR A California appeals court affirmed that James R. Glidewell, Dental Ceramics, Inc. only had to pay $515,965 in civil penalties after being found liable on four separate Labor Code violations spanning thousands of pay periods and years of underpayment.…
TL;DR The EPA cited Umstott, Inc., a franchisee that operates a single 7-Eleven store (#36952) in Keyser, West Virginia, for six separate underground storage tank compliance violations. The violations are missed testing deadlines: line tightness tests, leak detector tests, release…
Northwest European Autoworks settled federal Clean Air Act allegations without admitting it did anything wrong, and without a court ever reviewing whether the penalty was fair. TL;DR The EPA found that Northwest European Autoworks, an auto shop in Bellingham, Washington,…