Federal Trade Commission (FTC) & Social Influencers
Social media is a great place to advertise. But what you say in advertisements can have consequences. The U.S. Federal Trade Commission (FTC) monitors commercial advertisements, and has upped its enforcement of consumer protection laws against advertisers on social media.
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California's Auto-Renewal Law: eCommerce Vendors Take Note
eCommerce vendors doing business in California take note. California leads the country in aggressive efforts to stop automatically recurring charges to consumers. Under California's Auto-Renewal Law (Cal. Bus. & Prof. Code § 17600 et seq.), eCommerce vendors must allow online cancellation of auto-renewing memberships that were commenced online. Requiring customers to cancel these auto-renew subscriptions via phone or mail is no longer be allowed.
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Celebrities & Virtual Currencies
Celebrity endorsements normally raise a variety of legal issues - generally these kinds of endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement. The SEC has taken notice of the celebrity attention and endorsements that are popping up for different virtual currencies- the SEC has taken the position that "virtual tokens or coins sold in ICOs may be securities, and those who offer and sell securities in the United States must comply with the federal securities laws.
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Workplace Speech & the First Amendment
Your employee says something on social media that negatively impacts your business. Can you fire them? A common misconception is that the First Amendment protects all employee workplace speech. It does not.
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