An FTC lawsuit against an investment advising company for deceptive money-making opportunities and earnings claims has resulted in the company having to refund millions of dollars to consumers and also pay a significant civil penalty. This enforcement result is significant as it's the first time that the FTC has collected civil penalties related to the Notice of Penalty Offenses regarding money making opportunities that was sent to hundreds of companies, including direct sellers, last October. Check out this article from JD Supra to learn more.
The FTC has announced new compliance guidance for marketers and sellers of health products in order help further combat false or misleading advertising claims for dietary supplements, foods, over-the-counter drugs, and other health-related products.
With the proliferation and popularity of video apps like TikTok and the rise of influencer marketing, social selling is everywhere. Even so, despite the convenience and ingenuity of this brand of marketing, it’s still unclear whether your product will stand out in the endless sea of advertisements that is the current social media scape. Even so, there are new platforms on the horizon that look a little different and seem to beckon the next frontier of social selling.
The FTC has voted to issue an Advanced Notice of Proposed Rulemaking regarding its Business Opportunity Rule. This ANPRM will explore changes and possible expansion of the rule, which could have implications for the direct selling industry.
A recent NAD decision on claims within the debt relief space may provide key compliance lessons and insights for companies in all industries to consider. Read this article from Kelley Drye to learn more.
The FTC formally announced an open commission meeting for November 17 and one of the tentative agenda items includes a vote on whether to issue an Advanced Notice of Proposed Rulemaking (ANPRM) regarding the Business Opportunity Rule. Notably, any potential expansion of this rule could have implications for the direct selling industry.
The FTC has adopted a new strategy to obtain monetary relief in the state of California following the U.S. Supreme Court's earlier ruling in AMG Capital. Check out this article in JD Supra to learn more.