Following its warning two years ago, Stryker recently updated the public about the LFIT Anatomic CoCr V40TM product line, and the news is not good. Stryker again warned orthopedic surgeons implanting the femoral heads that the risk continues to be "higher than expected" and in addition the company added eight more catalog numbers to its official recall list.
Even as reports continue to confirm that abuse and neglect in local nursing homes is a major issue facing our elderly, the Trump administration has elected to scale back fines against nursing homes that harm or jeopardize the well-being of residents.
Thousands of lawsuits have been filed against some of the largest manufacturers of IVC Filters, which are designed to trap blood clots passing through arteries and heading for the lungs. Now, litigation against one of the smaller manufacturers of these devices, Cordis Corporation, is picking up steam.
Widely considered one of the most pressing problems of our times, elder abuse and particularly elderly financial abuse have received national attention, thanks to initiatives by the Department of Health, the Department of Labor, and the Obama Administration. These agencies have focused on the loss of billions of dollars per year in retirement savings among not just millionaires but ordinary hard-working and retired Americans.
Each month and again on a quarterly basis, the agency that regulates the financial industry, FINRA (Financial Industry Regulatory Authority), produces a detailed report that runs down all disciplinary actions recently taken against brokerage firms and brokers. This long list of alleged wrongdoing and misconduct reads a lot like a police blotter. We strongly encourage any investor who suspects their broker and/or broker-dealer of having lost them money on dubious terms to at least skim this report to see if you recognize any names, schemes, products, or securities.