An aligned group of children’s organizations and consumers is asking the Federal Trade Commission to investigate the Topps Company. Their complaint has nothing to do with the trading card side of the business, however.
The coalition claims Topps is violating the Children’s Online Privacy Protection Act Rule, according to the Center for Digital Democracy, which filed the complaint on Tuesday on behalf of ten advocacy groups.
Documents filed with the FTC say Topps collected photos and personal information from children on its popular Candymania website but didn’t require parental permission. Companies can’t collect personally identifying information from pre-teens without parental permission according to the Children’s Online Privacy Protection Act.
You can read the story in the New York Times here. The FTC complaint is linked below.
David Hall, President and Director of Collectors Universe, parent company of PSA and PSA/DNA still owns nearly 800,000 shares of his company’s stock after selling some this week.
His shares are valued at $17.6 million.
According to the Securities and Exchange Commission, the stock was sold at an average price of $22.03, for a total value of $189,480.03.
Collectors Universe has a 52-week low of $15.63 and a 52-week high of $25.82.
Heritage Auctions has announced that longtime industry veteran Michael Haynes has joined the company as Chief Financial Officer.
Haynes has served as an executive officer in both private and publicly traded companies in the collectibles, precious metals and specialty retail businesses over the years and brings his background and experience in many of Heritage’s 39 auction categories along with deep experience in finance and operations of companies in the collecting space.
Haynes was once the Chief Executive Officer of Collectors Universe and had previously served as President of Heritage (1974 to 1990). More recently, he had been CEO of the privately held American Precious Metals Exchange.
“It’s a pleasure to rejoin this team of highly successful senior leaders and category experts at Heritage,” said Haynes. “This team has already demonstrated its ability to grow the size and scope of the company. I believe continuing opportunities for prudent growth abound as we combine our talents and strengths.”
“With the addition of Michael to our senior leadership, Heritage is executing plans for our next level of responsible business expansion,” said Heritage CEO and Co-Chair Steve Ivy. “Our mission, however, remains unchanged: to be the world’s most trusted and efficient marketplace and information resource for owners of fine art, jewels, rare collectibles, and other precious objects.”
Heritage Auctions is the largest auction house founded in the United States and the world’s third largest, with annual sales of more than $900 million, and 850,000+ online bidder members.