FTC Staff Urge MLMs Not to Rely on Industry Income Disclosure Guidance
Advisory opinion letter raises “serious concerns” with self-reg group’s guidance.
Taylor et al. v. SCI Direct, Inc. (f/k/a The Neptune Society, Inc. et al.
20-cv-60709, S.D. Fla.
(2020)
Neptune Society’s Standard Neptune Plan and NCS’s Plan
(preneed funeral agreements for cremation services and related merchandise)
Falsely representing that money used to prepay for funeral services is “placed into a state-required trust fund” and would be refundable when a majority of the money is not placed in the trust and refunds are limited to services cancelled within 30 days
Settled
(Preliminarily approved)
https://www.funeralagreementsettlement.com/
Advisory opinion letter raises “serious concerns” with self-reg group’s guidance.
Emily Jankowski and Grace Tatter, WBUR | NPR
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