TelexFREE Policy Regarding Regulatory Communication As is the case with other leading direct selling companies, TelexFREE has a policy of cooperation with all state agencies. The activity of direct selling companies is regulated by all states, and many states have MLM distribution registration statutes (including the TelexFREE home state of Massachusetts). As a result, direct selling companies such as TelexFREE are continuously filing documentation and responding to requests for information from state agencies (such as offices of consumer affairs, divisions of securities, or attorneys general). Such agency informational inquiries are totally different from, and should not be confused with, a regulatory enforcement action. TelexFREE has always responded to all agency requests for information. However, TelexFREE has never been the subject of any regulatory enforcement action in any state. In April 2013, TelexFREE responded to requests for information from the Massachusetts Division of Securities. In January 2014, TelexFREE was again asked to provide information and to be available for interview. In keeping with its policy, TelexFREE has been and will continue to be completely cooperative in furnishing information to all agencies. TelexFree is a private company, and other than this statement, and as is the confidentiality position of most agencies, TelexFree does not publicly discuss its regulatory filings or interaction.
Posted on: Sat, 08 Mar 2014 05:30:28 +0000
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