Category: Regulatory News

The bottom line for direct sellers is that if the Federal Trade Commission (FTC) loses its 13(b) authority, it loses its punch. Legitimate direct selling companies do not fear squaring off against the FTC so long as they are not blind-sided.

For the first time in direct sales history, a truly independent self-regulatory body has been created to enforce social media and marketing rules among all direct selling companies, and their independent sales force. Join Momentum Factor's CEO Jonathan Gilliam and DSSRC Executive Director Peter Marinello for a lively webcast conversation on April 4th about how your company can stay out of hot water with this powerful new enforcement entity.

Momentum Factor CEO Jonathan Gilliam recently interviewed Peter Marinello, Executive Director of the Direct Selling Self-Regulatory Council (DSSRC) to learn how the program will impact the compliance function of direct sellers.

Esquire delves into moves made against retailers that sell CBD-infused products in New York City, Ohio, and Maine.

Last August, Social Selling News reported on the U.S. Direct Selling Association’s (DSA) announcement of the formation of a new self-regulatory body that would monitor and act upon all companies identified as direct sellers and multi-level marketers, whether or not they are members of the industry association. The entity is now live and has a name: the Direct Selling Self-Regulatory Council (DSSRC).

As we approach the deadline for putting GDPR compliance in place, our team at Momentum Factor is receiving more questions about our interpretation of the regs, what we’re doing about it, and what our clientele can do to protect against regulatory risk in the EU.

Multi-level marketing is a diverse and varied industry, employing many different structures and methods of selling. Although there may be significant differences in how multi-level marketers sell their products or services, core consumer protection principles are applicable to every member of the industry. The FTC staff offers this non-binding guidance to assist direct sellers and MLMs in applying those core principles to their business practices

The fact that legal challenges can have devastating consequences for direct selling firms does not come as news to veterans of the industry. Fortunately, our experts interpret recent legal challenges as reminders of the necessity of rigorous, up-to-date compliance and practices and policies, not as omens of a regulatory sea change. Class action litigation will force companies to continue to examine their business practices to ensure that they are in compliance with current FTC directives.

The US FDA on Tuesday announced sending 14 warning letters and four online advisory letters to companies selling dozens of products that claim to cure, diagnose, treat or prevent cancer.

Federal Trade Commission Chairwoman Edith Ramirez said in an interview with The Washington Post that she will soon step down as head of the country's most powerful consumer watchdog, after serving more than three years in the role and another three years before that as a commissioner.