FTC Staff Urge MLMs Not to Rely on Industry Income Disclosure Guidance
Advisory opinion letter raises “serious concerns” with self-reg group’s guidance.
FTX Trading Platform and Accounts
Case Name (Date)
Garrison et al. v. Paffrath et al.
23-cv-21023, S.D. Fla.
(March 2023)
Product/Service
FTX trading platform and accounts
Allegations
Failing to disclose the nature and scope of sponsorships and endorsement deals, as well as the amount of compensation social media influencers received in exchange for promoting FTX
Status
Stayed pending transfer to multidistrict litigation (MDL No. 3076)
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