The Securities & Exchange Commission brought suit against International Heritage, Inc. (IHI) for various securities violations and obtained an injunction, partly relating to the compensation plan. IHI tendered a modified compensation plan to the court and requested relief from the injunction. The modified plan did not require an investment of money, but the SEC argued that an investment of services was sufficient to trigger application of the federal securities laws.
The full case and case summary also available online at: http://www.mlmlegal.com/legal-cases/SEC_v_InternationalHeritageInc.php
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