Company News, Regulations

FTC Chair To Resign

A foe of MLMs leaves office

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By: TOM BRANNA

Editor

Federal Trade Commission (FTC) Chairwoman Edith Ramirez, who took leadership of the commission in 2013, said she will resign effective Feb. 10. The announcement provided a lift to Herbalife Ltd., as Ramirez has been an opponent of multi-level marketing. Ramirez's departure will leave only two FTC Commissioners – one Democrat and one Republican – on a five-person governing body. According to the New York Post, IRamirez was “urged to leave” the panel altogether by the Trum...

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