Description
How do you stay compliant in the age of the FTC? The FTC is a fraud regulator, but so are consumers. If you chronically commit fraud consumers will eventually shut you down and if they don’t the FTC will. And it's a good thing. They may despise our business model but they more often than not tell the truth about fraud. Network Marketing, MLM, and Direct Sales are historically horrible self-regulators. We have proven over and over that we'll push the envelope until the market or the regulators push back. HOWEVER ... fraud and lying cuts both ways. Here are some truths the FTC is obligated to accept. They are public servants. There are 40 million American citizens that have chosen this profession. That's 40 million of us that have chosen a chance to fail … or maybe succeed. It's not illegal or fraudulent to offer, promote, educate, or sell an income opportunity. Opportunity is just that, the opportunity to succeed or fail. You can't find any implication of a guarantee in that word. Tune in to hear Richard talk about the FTC and new DSA guidance on earnings claims.
On this episode of The Authentic Networker, I have the pleasure of interviewing Donna Weiser Hennes who recently published her new book "So You Said Yes".
Published 02/04/24
Spencer Reese graduated from Colorado College with a Bachelor of Arts degree in Business Administration in 1982 and the Washington University School of Law in 1986. He began his legal career practicing environmental law and commercial litigation in Boise, Idaho. In 1992, Spencer joined the legal...
Published 10/13/23