Now I would like to highlight some examples of effective industry self-regulation models. I will start with alcohol industry self-regulation overseen by several trade associations. This is an area where self-regulation can address issues of concern to the public without raising First Amendment issues associated with government regulation. Last Spring, the FTC released a report on self-regulation in the alcohol industry.
Initiatives to address concerns about underage exposure to alcohol marketing are contained in guidelines promulgated by the three major industry trade associations: the Distilled Spirits Council of the United States (DISCUS), the Beer Institute, and the Wine Institute. The voluntary self-regulatory codes contain provisions designed to limit where alcohol advertising and marketing may appear, to reduce underage targeting. As of January 2011, all three of the trade associations required that 70 percent of the audience for advertising consist of legal drinking age adults.Their data show that about 93 percent of the television, radio, print, and online advertising placements had a legal drinking age audience composition of 70 percent or higher.
Since 2006, all three trade associations have implemented procedures for external review of complaints.
DISCUS’s review board has considered over 20 complaints since 2009. It has found violations in response to three of eight complaints about DISCUS member companies and all members found to have violated the code agreed to take appropriate responsive action.
Since 1999, the alcohol industry has substantially improved in self-regulation, including adoption on two occasions of higher placement standards, adoption of media buying guidelines and audit provisions, and adoption of systems for third-party review of advertising complaints.
According to sl1 that was the entire speech then he said 2 pages , as you can see this was ALL of it.
OK DSA has nothing to do with MLM. LMAO
No one can keep track of what you said because your drunk and it keeps changing. Argue with yourself, you're probably good at it, going to spend time with the grand kids. Later CLOWN.
First the majority was about alcohol then it was really about enforcement. You are dumb as a rock. Keep up the bashing TROLL, you fit right in with the rest of the Ackman chain gang.
FYI, it wasn't about alcohol, a small part of it was about how the " alcohol Industry " self regulated itself.......So to help you with understanding and comprehension, she used the alcohol industry to talk about " SELF REGULATION " which is what that part was about. SELF REGULATION.
Schooling you continues to be a daily thing.
dlw, there have been many open market buys by insiders in the last 6 months. Go to HLF website and look at SEC filings. I think one of the exec's even bought 100k in stock for their kids fund. I was thinking Des Walsh but not sure. Sometimes one can't be sure what the financial standing is of any one individual, you never know what else is going on in their lives. I would also like to see Johnson buy some shares but he does currently have approx. 1.5 million shares. That's a healthy chunk of money to have invested in one company. Not sure what his net worth is but if it's $100 million then he has 67% of his net worth tied into one thing. Would you put 67% of your net worth into a single stock?
That's right folks, that's what the board CLOWN was spouting off about earlier. Now he changes and starts LYING about enforcement.
No wonder this guy has a reputation as being the board IDIOT. Talk about jr. high antics. What a CLOWN.
So let me get this straight sl1, first you said the article/speech was about Alcohol......So now that's not the case? I can't keep track of your changing your mind.
I NEVER said consumer protection was a leg of the stool. Now I see what your problem is, you are learning impaired and can't comprehend what you read. I said CONSUMER protection was the first thing she mentioned......NOW pay attention clown.....I will paste EXACTLY what followed.. " Enforcement is down at the bottom along with the other 2 legs of the stool, education and self-regulation. " That makes the 3 legs of the stool junior.
I know this is what your primary goal here is, conflate everything and twist the truth. I repeat, you are an IDIOT. Proof by your last post.
" Main problem with that is, Stiritz is down close to $100mm still. Yeah the old geezer is thrilled with his huge loss. "
You know what's really funny, your Messiah hackleman is down more than Double that amount. OUCH
LOOKS like Consumer protection is the first thing she mentions. LMAO This is the first paragraph of her speech. Enforcement is down at the bottom along with the other 2 legs of the stool, education and self-regulation. Hardly the first thing she says ROOKIE.
Thank you for the kind introduction, Gary. The description for today’s conference states that companies, industries and the public sector all share responsibility for consumer protection. I agree. As consumer expectations for transparency and corporate responsibility continue to evolve, so too must the framework used to safeguard the public. There are three elements that must be present to provide effective consumer protection: law enforcement, education and self-regulation. I like to think of it as a three-legged stool. If any of these factors is missing or not functioning effectively, the stool will at best be off-balance and at worst, topple over.
I need a drink. burp......oh wait, I mean enforcement. LMMFAO
Everyone disagrees with you sl1 including the ENTIRE market. Everyday is the same, you saying something stupid, me making you look like a fool. Keep it up, the SP keep melting up clown.
WHERE is it that the FIRST thing she says is Enforcement? The title of the conference isn't enforcement. I think this clown is losing his marbles as well as his money with his $30 short. FYI, no mention of Alcohol in the title nor the first paragraph outlining her speech. sl1 is nothing more than a ragaholic.
I think the bozo has lost his mind, or maybe it's just plain blind rage from losing his backside on his $30 short. Who knows.
sl1's comment, " Despite what that country imbecile says, just remember, the first thing she mentioned is: ENFORCEMENT, not self-regulation "
April 7th Conference Title: 1
Commissioner Maureen K. Ohlhausen
DSEF Self-Regulation and Consumer Protection Panel Direct Selling Education Foundation (DSEF) April 7, 2015
" Thank you for the kind introduction, Gary. The description for today’s conference states that companies, industries and the public sector all share responsibility for consumer protection. I agree. As consumer expectations for transparency and corporate responsibility continue to evolve, so too must the framework used to safeguard the public. There are three elements that must be present to provide effective consumer protection: law enforcement, education and self-regulation. I like to think of it as a three-legged stool. If any of these factors is missing or not functioning effectively, the stool will at best be off-balance and at worst, topple over. "
I did read it you MORON. Are you really telling this board that the Commissioner was addressing an MLM lobby group to really just talk about alcohol. She talked about a 3 legged approach for MLM's and one of those legs was self regulation. She used the Alcohol industry as an " EXAMPLE " of a successfully SELF REGULATED industry. You are a complete IDIIOT who can't read nor comprehend what you read.
The ENTIRE market says you are wrong ROOKIE. Schooled your rookie ash once again. This is getting old.
So to now FULLY clear up sl1's remarkably IGNORANT statement that the commissioner was really talking about alcohol. That is a FLAT OUT LIE, she was addressing MLM's and how they need to self regulate. She used Alcohol as an EXAMPLE of an industry that was successful.
This CLOWN sl1 has no reading comprehension skills and to top it off he is a ROOKIE with no investment skills. I like to refer to him as the board CLOWN.