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Saturday, November 30, 2024

Can product endorsers, owners of same business who are published in marketing materials bf defendants of violation of Securities Act?

It is more fun criticizing

The recent news that several actresses, personalities have been issued subpoenas in connection with Dermcare scam (Neri Miranda has been jailed) punishable under the Revsied Security Act.  The alleged defense is that they are mrerely product endorsers and are/or franchisee.

One is a sexy star, and the other one was a former senator

The son of former Governor of a SL province figured in such a situation but we understand, he was exonorated.   Same situation

As accessories or joint and severally responsible?   Can they be charged?