After a Flurry of SEC Activity in the Cryptocurrency Space, the Network Marketing Industry is on Notice

    Thomas Ritter is an associate attorney at Thompson Burton PLLC. His practice area focuses primarily on cybersecurity law, which includes an assortment of data protection and privacy-related matters, and a wide-variety of business transactions. He assists diverse businesses from well-established companies to early stage start-ups.

    The Securities and Exchange Commission (SEC) released a noteworthy announcement just days before the Thanksgiving holiday with significant implications for the network marketing industry: Regulatory oversight and enforcement of cryptocurrency companies is here (and here to stay). I warned MLM companies and consumers alike of the dangers surrounding cryptocurrencies all the way back in 2015. […]

    Shares 0

    10 Simple Heuristics to Identify Healthy Companies

      Kevin Thompson is an MLM attorney, proud husband, father of four and a founding member of Thompson Burton PLLC. Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing. Recently featured on Bloomberg TV and several national publications, Thompson is a thought-leader in the industry.

      I was recently asked to list out 10 factors that distributors could use to measure companies. After having represented countless companies and been on the front lines to observe both good and bad behaviors, I have a pretty good idea about the important factors. So here goes, in no particular order… 1) Experienced Leadership In […]

      Shares 0

      Was David Einhorn’s Short on Herbalife the Catalyst that Got Bill Ackman Involved?

        Kevin Thompson is an MLM attorney, proud husband, father of four and a founding member of Thompson Burton PLLC. Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing. Recently featured on Bloomberg TV and several national publications, Thompson is a thought-leader in the industry.

        I’m reading a fantastic book that recaps the epic battle between Herbalife and Bill Ackman. The book is titled, “When the Wolves Bite: Two Billionaires, One Company and an Epic Wall Street Battle” (link here). In the book, author Scott Wapner covers a lot of history that includes the build-up that led to Ackman’s short […]

        Shares 0

        MLM Cryptocurrency Scams: Stopping the Brand Killer and Protecting the Direct Selling Channel – by Jeffrey Babener

          Thompson Burton redefines the art of law by utilizing creativity, technology, flexibility and innovation to more effectively deliver information and connect with our clients. With that in mind, we’re not wedded to the old ways of practicing law behind bookcases and conference room tables. We’re committed to delivering exceptional results while maintaining our vision for transparency and accessibility.

          First Published in the World of Direct Selling. I’m sharing a post authored by fellow attorney, Jeffrey Babener. The article is so well written, I wish I wrote it myself. This is a very important subject. Babener provides solid education and proposes some ideas on ways to counter the groundswell of fraud developing in our […]

          Shares 0

          The FTC Goes After Digital Altitude

            Kevin Thompson is an MLM attorney, proud husband, father of four and a founding member of Thompson Burton PLLC. Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing. Recently featured on Bloomberg TV and several national publications, Thompson is a thought-leader in the industry.

            On January 29, 2018, the Federal Trade Commission went after the company Digital Altitude. The FTC’s pursuit represents the first enforcement action against a network marketing company under the Trump administration. Reading between the lines, there are some key takeaways — some familiar and some new — for how the FTC will police network marketing […]

            Shares 0

            Cloud Mining and the Sale of Unregistered Securities

              Thomas Ritter is an associate attorney at Thompson Burton PLLC. His practice area focuses primarily on cybersecurity law, which includes an assortment of data protection and privacy-related matters, and a wide-variety of business transactions. He assists diverse businesses from well-established companies to early stage start-ups.

              No bigger buzzwords exist in the general populace right now than “cryptocurrency,” “bitcoin,” or some other derivative. With skyrocketing prices and frenzied market activity, everyone and their grandmother wants to know the best way to collect some cryptocurrencies of their own. As a result, new business model after new business model continues to pop up […]

              Shares 0