Category > Usa

SEC Announces Additional Charges in Football-Related Boiler Room Scheme
The Securities and Exchange Commission today announced a second round of charges against individuals behind a boiler room scheme that hyped a company whose new technology was purportedly Super Bowl-bound.The SEC previously charged the operators of the schemebased in the South Florida and Los Angeles areas.  Seniors and other investors were pressured into purchasing stock in Thought Development Inc. (TDI), an unaffiliated Miami Beach-based company that stated its signature invention is a ...
Source: SEC

Far East Brokers Recall Glass Beverage Dispenser Set Due to Injury Hazard; Sold Exclusively at Publix
The metal stand supporting the dispenser can break.
Source: CPSC

Metabo Recalls Electric Angle Grinders Due to Laceration Hazard
The grinder's on/off switch can stick in the ?On? position, posing a laceration hazard.
Source: CPSC

Mayborn USA Recalls to Repair Baby Monitors Due to Strangulation Hazard
Child can pull cord into crib and wrap around the neck, posing a strangulation hazard.
Source: CPSC

Morgan Stanley to Pay $275 Million for Misleading Investors in Subprime RMBS Offerings
The Securities and Exchange Commission today charged three Morgan Stanley entities with misleading investors in a pair of residential mortgage-backed securities (RMBS) securitizations that the firms underwrote, sponsored, and issued.Morgan Stanley agreed to settle the charges by paying $275 million to be returned to harmed investors.In an asset-backed securities offering, federal regulations under the securities laws require the disclosure of delinquency information for the mortgage loans ...
Source: SEC

Press Gaggle by Principal Deputy Press Secretary Eric Schultz -- En Route Los Angeles, California
Aboard Air Force One En Route Los Angeles, California  2:12 P.M. PDT MR. SCHULTZ:  Let’s do this.  I’d like to begin with an observation about an occurrence happening roughly 2,500 hundred miles away back in Washington.  The Senate Veterans’ Affairs Committee voted 14-0 to approve Bob McDonald to be the next Secretary of the Veterans Administration.  We don’t often get to observe bipartisan, unanimous votes out of the Senate, even at the ...

Remarks by the President at a DNC Event -- Los Angeles, California
Private Residence Los Angeles, California 5:13 P.M. PDT THE PRESIDENT:  Hello, everybody.  (Applause.)  Hello, Los Angeles.  Oh, this is a nice looking crowd.  You all got dressed up.  (Laughter.)  Don’t you look cute?  Everybody, have a seat.  Have a seat.  Relax.  It is good to be in Los Angeles.  Let me first of all say thank you to Shonda for opening up this unbelievable space and arranging for perfect weather.  Give ...

Recalled Products Sold by Best Buy and Liquidators After Recall Date
Hazards can include fire, burn, shock, expelled parts, falls and skin irritation depending on the product.
Source: CPSC

FACT SHEET: Increasing Investment in Rural America
WASHINGTON, DC – This week, the White House Rural Council will host the inaugural Rural Opportunity Investment Conference (ROI) to promote potential investment opportunities that exist throughout rural America. Top leaders from the business community and financial institutions, senior government officials, rural economic development experts and others from across the country, will come together to discuss ways to develop partnerships that create jobs, grow small businesses, and invest in ...

Remarks by the President at DCCC Luncheon -- CA
Private Residence Los Altos Hills, California 12:00 P.M. PDT THE PRESIDENT:  Hello, everybody.  (Applause.)  Oh, no need to stand again.  Sit down.  Thank you so much.  (Applause.) Well, there are two reasons I’m here.  Number one, it’s really nice.  (Laughter.)  The weather is good.  It’s pretty -- it’s gorgeous.  The second reason is George and Judy’s granddaughter and me, we’ve just got a ...

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