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US Journal Report : Amazon sell over 4,000 banned or unsafe products

Catherina Ploumidakis

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Amazon sells 4000 banned and unsafe products
Image: Kadena

The Wall Street Journal reported that Amazon sales thousands of banned or unsafe products. These Products were banned or declared unsafe by Federal Agencies.

According to Journal Investigation, these products are 4,000 in number, out of which 2,000 are only toys and medications. About 157 products including sleeping mats declared unsafe by the Food and Drug Administration as it may suffocate Infants. But Amazon still sold those banned or Unsafe products.

Not only this, there were approximately 116 products labeled as “FDA approved” but were not. These labeled products include 98 eyelash growth serum, 43 painkillers without proper FDA warnings, and 52 supplements.

There are more examples of the people who bought Amazon’s unsafe or banned products. Like in 2014, a person purchased a motorcycle cycle helmet and was struck and killed by a truck. Last month the Department of Transportation declared it non -compliant.

Until last month the Helmet was on the site for sale. Similarly, in a case, a customer gets blinded in one eye by an allegedly faulty dog leash. After this case, a 3rd circuit court of appeal ruled that Amazon could be held liable for the sale of defective products.

In a case reported by the associated press, a hoverboard purchased from Amazon caused a fire. The fire forced two children jumping from a second-story window and caused death.

“Safety is a Top Priority for Amazon”

Despite selling banned or unsafe products, Amazon spokeswoman told to the publication that “Safety is a top priority at Amazon.” She added, “Whenever any concern arises, we move to protect customers and work directly with brands, sellers, and government agencies.”

The spokeswoman also said to the journal that Amazon scans millions of items every minute through their automated tool. This tool blocks suspicious listing products on the site and screen potential sellers. Like, in 2018 the automated tool blocked 3 billion items.

Catherina has joined the team as an intern, and she has been working hard to learn things quickly. Now, she handles the Technology and Business columns of the website along with Vicky. She writes the latest US Technology and Business news regularly on the website with accuracy. Since she is the youngest member of the team, she never hesitates to ask for help from other senior team members. That is the reason, she has been learning things quickly, and now she is becoming proficient. Apart from her work, she loves to read books and watch Business and Tech news. She is a fun-loving woman with a graceful personality.

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Business

Trading Online with Regulated Vs Unregulated Forex Brokers

Catherina Ploumidakis

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Trading Online with Regulated Vs Unregulated Forex Brokers

Over the past few years, forex trading has emerged as a lucrative venture for earning money among millions of traders and investors worldwide. It involves buying and selling of currencies on a market that takes places 24 hours a day from Monday to Friday.

Because the forex market has no physical marketplace, traders must find a broker who is an intermediary between them and the interbank. Finding a reliable and trustworthy FX broker is one of the biggest challenges a new trader must go through. This is because the market is swamped with hundreds of brokers, each one of them claiming to be the best.

Regulated Vs Unregulated Forex Broker

When it comes to choosing the best broker to suit your needs, you have to consider some important factors like the company’s reputation, customer support, trading platform, etc. However, there is one most important factor that you should consider before choosing a forex broker for your needs – regulation. Should you work with a regulated or unregulated forex broker?

Regulated forex brokers refer to brokers that are registered with the relevant financial regulatory body of their region and that must comply with the standards and rules set by that body.

Regulated brokers are required to adhere to certain stringent standards and criteria in order to retain their business license. They must also submit evidence of periodic audits as well as their accounts on time

Unregulated forex brokers, on the other hand, refers to brokers who are not monitored by any regulatory and therefore can behave in any manner, without having to comply with any rules.

Which to Choose?

To protect your funds, all traders are advised to work with regulated forex brokers. You have probably heard of horror stories of brokers disappearing into thin air with their clients’ hard-earned money. Unregulated forex brokers are also known to manipulate market data to their favor in an attempt to rip off their clients. In case such a fraud, you have no one to protect you as a trader and you’ll end up losing your money completely.

The reasoning behind forex regulation is pretty simple – to prevent fraudulent practices. The main role of a financial regulatory body is to oversee the activities of a financial institution and brokers and to prosecute them in case they are involved in any fraudulent activities. Another role of the body is to register and license forex brokers that meet certain criteria as well as revoking licenses of brokers that fail to abide by the rules.

How to Tell if A Forex Broker is Regulated

Now that you understand why it’s important to work with a regulated broker, the next question is, how do you tell if a broker is regulated/licensed? Well, there are various to identify a genuine, licensed forex broker.

  1. Check their Website

One of the best ways to identify a regulated broker is by visiting their website. The FCA, CFTC, NFA and all other financial regulators require that their licensed Forex brokers mention the regulatory body to which they are registered and licensed as well as provide the corresponding licensing information.

This information can be found in the company’ss website on the About Us’ page. A regulated broker must mention its license number and other necessary registration information on this page. If you can’t find this information on any page of their website, then this means they are not regulated.

  1. Check the Regulatory Body’s Register

The first method can be helpful but it’s not full-proof. This is because some unregulated brokers display a fake license number claiming to be regulated by a certain regulatory body. Many of these have been caught doing this, but there’s a way to avoid this predicament. Reputable regulatory bodies like FCA have a list on their website of all licensed brokers in their jurisdiction.

Just google the name of the regulatory body, visit their website and type in your broker’s name or license to number to confirm whether they are in the register. The register is usually updated regularly so there’s no way you can miss your broker’s name or license number if it’s truly registered.

In Summary

Forex trading can be a lucrative venture provided you work with a broker who has your best interests at heart. So, ensure that your broker is regulated by the relevant regulatory body in the region where it’s based to protect your funds and be on the safe side.

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Business

How to choose a trading strategy for Binary options

Catherina Ploumidakis

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binary options trading

Binary options can be an excellent trading tool, but at the same time, they tend to be quite complex in nature. However, understanding the options can be quite simple though implementing them will need you to go through a complex series of actions.

What are the basic strategies for Binary Options?

If you are looking for the Binary options trading, it can turn out to be essential to check out the best strategies for the right kind of success in your trading. Understanding the binary options trading signals will constitute one of the major factors in this context.

There are basically two kinds of binary options trading strategies you would need to pay attention to – fundamental and technical strategies. The fundamental strategies of binary options trading would need you to understand the health of the companies that you are trading in, the market indices and the economy related to these indices.

The technical strategies, on the other hand, will involve a technical analysis of the trading. It would include the measurement charts, studying the previous patterns, and making the right kind of guesses.

Opting for the right strategy will ensure that you will remove the plain guesswork from your trading and brings in a more calculated approach. This is an area where the services like VFXAlert can come quite handy. They would let you learn the working principle for binary options and master binary options signals.

In fact, a proper strategy would indeed work as the first step towards powerful risk management along with the right type of money management.

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Business

Make the best use of Personalised Gifts

Catherina Ploumidakis

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Make the best use of Personalised Gifts

There are several occasions that can be quite wonderful enough if you are looking to come up with an irresistible and memorable gifting idea. No matter which occasions we are talking about, the flowers can be an exciting option for all those gifting purposes.

Flowers can be gifted to anybody on any occasion. In fact, one of the unique concepts you can think of would be to send personalized floral gifts. In fact, floral gifts have a universal acceptance as they can be given to practically anyone – right from your close pal to just an acquaintance. Of course, opting for personalized gifts can be one of the perfect options, albeit a little expensive than the monetary gifts.

Weddings can be a perfect occasion for personalized floral gifts. They will accentuate the natural feeling associated with the natural beauty of love. The flowers both romantic and natural in every possible way. If you opt for personalized floral options, you will find they will be much impressed.

Birthdays are another option that can offer you a perfect occasion for making it a great choice to send floral gifts. Flowers represent the beauty of growing older. It can be yet another excellent option of sending floral tributes.

Funerals would be yet another occasion for the floral tributes. Of course, a sad day, but they can help the bereaved family feel a little positive and regain their composure. They can help them get back to life despite the loss as the flowers would make them believe that they have someone to take care of the bereaved.

Choose the right florist who really understands the right flowers for the right mood. That would definitely be an excellent option to ensure a greater relationship building.

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