DSA Launching Self-Regulatory Scheme, Promising Tough Changes Ahead

    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.

    As reported in Social Selling News, the Direct Selling Association is preparing to launch a third-party (independent) entity that’s responsible for policing the network marketing channel. Taken from the DSA chairman’s speech, Joe Mariano said, “With a new mission, the yet-to-be-named entity will serve as an independent compliance enforcement group and will respond to compliance […]

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    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 […]

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      What is Going to Happen in 2018

        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.

        As you’re reading, keep in mind, these are best guesses and, in some cases, wishful thinking. #1: The FTC will still be at a crawl. Currently, they’re on ice. Under the old chairperson, the FTC was unafraid of doing surgery via sledgehammer. Under current leadership, the FTC is much more methodical and careful. #2: The […]

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        The Dangers of Weak Cybersecurity in Network Marketing

          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.

          A review of this past year’s news cycle illustrates the paramount importance of strong data security. Yahoo, Equifax, Uber, and the list could go on and on. These companies fell victim to data breaches. In turn, they all faced public relations nightmares not to mention ongoing congressional and regulatory investigations. Today’s cyber landscape is relatively […]

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          The SEC’s Enforcement of Pyramid-Based Schemes: Part 2

            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.

            Over the past five years, the Securities and Exchange Commission (“SEC”) has repeatedly exerted its regulatory will on multi-level marketing companies. In Part One of this two part series, I explained the basic elements of a “security” and the trouble surrounding the presence of unregistered securities in the context of network marketing. In this article, I provide some concrete […]

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            Non-Competes in Network Marketing: The controversy continues

              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.

              The issue of non-competes came up after Team Beachbody announced it was adding a non-compete to its policies and procedures. As reported over at Business for Home, Beachbody published the following statement: As we strive to make the Beachbody Coach opportunity the best it can be and to protect all of your hard work helping […]

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