The regulator said the "Buff Baby" rattles being recalled were made in China and sold nationwide and in Canada from October 2011 through June 2013 for between $7 and $10.
The caps of the rattles can come apart, allowing access to small parts that can choke a small child or an infant, the regulator said.
Consumers were advised to take the "Buff Baby" rattles away from children and to contact Fred & Friends for a full refund.
The rattles involved in the recall are about 5 1/2 inches long and 2 inches wide. They have "O.2" embossed on both pentagon-shaped ends of the rattle, the CPSC said.
Consumers can call 877-647-8644 for information.