44 Days of Fragility TL;DR Illegal Operation: Dallas-based firm NexPoint Securities, Inc. conducted business for 44 days while it was financially undercapitalized, violating fundamental federal securities laws designed to protect the market. Massive Capital Hole: The firm’s net capital deficiency…
TL;DR The Company: JB&D Siding and Window Company, Inc., a renovation firm based in Galesburg, Illinois. The Law: The company performed renovations on a home built before 1978, triggering federal laws under the Toxic Substances Control Act designed to protect…
The Price of Poison: Mizumo Auto’s $7 Violation TL;DR California-based Mizumo Auto was caught selling 1,609 illegal “defeat devices” designed to disable vehicle emission control systems. These devices, known as EGR delete kits, were sold between January 2019 and September…
How Securitas Used Secret Contracts To Bury Workplace Abuse TL;DR Security giant Securitas forced employee Francisco Quilala to sign a pre-dispute arbitration agreement in 2012, a contract designed to strip workers of their right to a public court trial. In…
Environmental Crime • Kankakee, Illinois 19 Days. 18,640 Pounds. Nobody Warned You. EvilCorporations.com • CERCLA-05-2024-0005 / EPCRA-05-2024-0013 • 10 min read TL;DR Kensing, LLC, operating an industrial facility at 2525 S. Kensington Road in Kankakee, Illinois, leaked 18,640 pounds of…
Supreme Negligence: How Supreme Alliance Ignored The Rules And Put Your Money At Risk TL;DR The Facts: From September 2019 to May 2022, Supreme Alliance LLC operated without adequate systems to protect its clients, leading to an $80,000 fine from…
SYSTEM FAILURE AT UNIVERSITY OF MARYLAND TL;DR The University of Maryland – College Park, a major state university, was caught systematically violating hazardous waste laws for at least four years (2021-2024). Violations included failing to conduct mandatory weekly inspections of…
A Ticking Time Bomb In Your Kitchen TL;DR The Facts: A class-action lawsuit (Case No. 1:25-cv-01474-UNA) has been filed against Electrolux, alleging a dangerous defect in its Frigidaire-branded ovens. The Misconduct: The oven’s glass door can spontaneously explode, sending hot…
FINRA Enforcement • AWC No. 2022073302501 How Canaccord Genuity “Outsourced” Its Ethics For nearly nine years, a Wall Street broker-dealer handed its legal duty to watch its own brokers to an affiliate, kept no written records of branch inspections, and…
TL;DR The Misconduct: JMS Companies, LLC, operating as Choice Property Management, committed 89 violations of federal law designed to protect families from lead poisoning in Indiana rental properties. The Facts: Across at least 26 leases and one major renovation between…