In Brief: Nutrition for Life SEC investigation
This article was originally published in The Tan Sheet
Executive Summary
Nutrition for Life SEC investigation: "Preliminary" inquiry into the multi-level marketing firm appears to focus on NFL's "executive" level distributor program, the company announced April 4. Distributors attain "executive" status by generating $1,000-$1,500 in revenues through their own product sales and sales by downline distributors. At the "executive" level, distributors also earn commissions on sales by other distributors in their downline organizations, NFL noted. News of the probe caused NFL stock to drop 17% to $19 on April 4. The Houston-based firm markets nutritional supplements, health foods, weight management products, skin care items and other consumer products...
Nutrition for Life SEC investigation: "Preliminary" inquiry into the multi-level marketing firm appears to focus on NFL's "executive" level distributor program, the company announced April 4. Distributors attain "executive" status by generating $1,000-$1,500 in revenues through their own product sales and sales by downline distributors. At the "executive" level, distributors also earn commissions on sales by other distributors in their downline organizations, NFL noted. News of the probe caused NFL stock to drop 17% to $19 on April 4. The Houston-based firm markets nutritional supplements, health foods, weight management products, skin care items and other consumer products.... |