The Federal Trade Commission issued guidance clarifying the agency’s enforcement position regarding pyramid schemes. DSA President Joseph N. Mariano said, “This is a very positive statement by the FTC that reflects the principles of law after years of legislative efforts by the DSA on federal and state level to distinguish legitimate direct sellers from pyramid schemes. We look forward to our continued collaboration with the FTC and Congress to enshrine these principles into federal law.” The guidance builds upon the remarks of Acting Chairman Ohlhausen delivered at DSA’s Fall Conference in November.

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