Yahoo Finance Canada has a useful article for those exploring a direct sales business opportunity.
As a 36-year-old mother of four, Jenn Laurie barely qualifies as a Millennial.
But that doesn’t mean the Edmonton native and Epicure sales consultant isn’t any less driven than her younger Gen Y counterparts, many of whom are flocking to direct sales thanks to a crummy job market.
Laurie discovered the B.C.-based herb and spice-blend company five-and-a-half years ago when she began reading food labels to help her two sons, both of whom were on medications for multiple emotional disorders. Laurie believes clean eating thanks in part to Epicure, which is known for its gluten-free, non-GMO, additive-free products, helped heal her sons, each of whom have made big strides in their progress.
“We’ve been healing through nutrition,” says Laurie, who
Tag Archive for Pyramid Schemes
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New DSA Study Affirms Personal Product Purchase Acceptable
by Ramya Chandrasekaran • • 0 Comments
Direct Selling Association (DSA) today released a new economic analysis prepared by NERA Economic Consulting (NERA) that indicates flaws among often-used criteria to distinguish legitimate direct selling businesses from pyramid schemes.
The study disputes an assertion that internal consumption, where direct selling consultants purchase products or services for their own use, is illegitimate or sufficient to indicate a pyramid scheme.
“Everyone agrees that pyramid schemes should be prosecuted to the fullest extent of the law,” said Joseph N. Mariano, DSA President. “However, consumers lose when scarlet letters are placed on legitimate companies. The issue is not whether schemes should be put out of business, but how regulators and the courts determine what constitutes unlawful behavior. The NERA study calls into question a flawed conclusion that a key indicator of a scheme exists when direct
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DSA President Responds To Seeking Alpha Post
by Ramya Chandrasekaran • • 0 Comments
American Direct Selling Association (DSA) President Joseph Mariano responds to a post by Bill Keep on stock market insights and analysis site Seeking Alpha.
As a platform for investment research, the opinions presented via Seeking Alpha inform countless decisions, large and small, taken by corporations, government and the public. It is therefore important that contributors act in good faith to get the facts right.
I am concerned that Bill Keep, one of your frequent contributors, has chosen to co-opt Seeking Alpha into a mouthpiece for attacks against direct selling, one of the oldest ways that Americans choose to work independently, typically on a part-time basis. By showing blatant disregard for the facts about DSA and direct selling with little to no accountability for his mis-statements, Keep diminishes Seeking Alpha’s credibility and jeopardizes the ability
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Philippines SEC Tightens Regulations To Curb Pyramid Schemes
by Ramya Chandrasekaran • • 0 Comments
The Philippines Securities and Exchange Commission (SEC) will tap local government units (LGUs) as part of the government’s intensified campaign against investment scams, amid the proliferation of get-rich-quick schemes in the country.
“SEC will engage LGUs in coordination with DILG (Department of Interior and Local Government) because companies, firms have to secure first business permits from LGUs before they can operate in localities,” said Armando A. Pan, Jr., officer-in-charge of the SEC Office of the Commission Secretary, in a text message on Sunday.
“So LGUs have to be watchful to ensure that businesses operating in their jurisdiction are legitimate,” Mr. Pan said.
The Department of Trade and Industry (DTI), through its Consumers’ Protection and Advocacy Bureau, and the SEC, through its Enforcement and Investor Protection Department, has instituted measures to warn the public against pyramid
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Philippines Task force Uncovers 43 Suspected Ponzi firms
by Ramya Chandrasekaran • • 0 Comments
The Philippines Anti-Investment Scam Task Force, a multi-agency body composed of representatives from the Securities and Exchange Commission, Department of Trade and Industry, National Bureau of Investigation and the Criminal Investigation and Detection Group, has discovered that at least 43 companies in the Cordillera region have used Ponzi schemes in luring victims to invest millions of pesos over the past several years.
SEC director for Baguio lawyer Annie Gonzales Tesoro said that 12 of the companies were registered with the commission as engaged in trading. The rest are listed with the Department of Trade and Industry; the rest are not registered at all.
The task force has filed 19 multiple estafa charges against Three Angels General Merchandise manager Sukil-ap Pagaduan following complaints that the company collected P2 million from its investors and then closed