This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AP Impact: Feds Muff Kid Jewelry Cadmium Crackdown

Stocks in this article: TGT WMT

Yet the CPSC neither informed consumers nor initiated recall efforts. Instead, the agency asked a distributor where two of the items were found to destroy its inventory. For another item, the inspector only rounded up all samples in the store.

Spokesman Wolfson gave several reasons why the agency took no further action. Two of the items were discontinued in 2005, according to the distributor, which meant "a recall was not warranted" â¿¿ despite the 2011 purchase. One had packaging that didn't identify the manufacturer or distributor. And in the three other cases, field inspectors had picked up jewelry that they thought was for children but that agency headquarters decided was actually for adults.

"We firmly believe that we took the right action based upon the work we did and the information we gathered," Wolfson said.

Because there were no recalls, the agency can't reveal what the products were or where they were bought.

Aside from the jewelry sweep, in at least two cases the agency let major retailers avoid informing the public that they had pulled jewelry after their testing turned up cadmium.

In May 2010, Wal-Mart announced it had removed "the few products" that failed checks it started doing on children's jewelry; it did not identify the items. The retailing giant had started running a European Union safety test that was similar to the stomach-acid test the CPSC used.

Wal-Mart spokesman Lorenzo Lopez said that despite failing a safety test, the items were not dangerous. He would not share the results.

"We're talking about components within these items that just didn't rise to the level where it posed a safety risk," he said.

Because Wal-Mart unilaterally yanked the products, no public notification was required by CPSC â¿¿ and Wal-Mart gave none.

The agency never pressed for a recall of items that had already been sold.

6 of 8

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs