Industry Regulations Flashcards

A CSP based in California speaks at events nationwide. Which state's consumer protection laws may apply if they sell products at events in states other than California?

Answer: The laws of each state where products are sold may apply

State consumer protection laws generally apply in the jurisdiction where a transaction occurs, so speakers selling products across states must be aware of varying state requirements.

What does the Global Speakers Federation (GSF) primarily provide to professional speakers in terms of regulatory guidance?

Answer: International ethical standards, best practices, and cross-border professional networking

The GSF provides a framework of shared ethical standards and best practices that member associations, including the NSA, adopt to guide professional conduct internationally.

A professional speaker is invited to speak internationally and receives payment in a foreign currency. What US regulatory obligation does this create?

Answer: The speaker must report all foreign-source income on their US tax return and may owe FBAR reporting if foreign accounts are used

US persons must report worldwide income, and foreign financial accounts above certain thresholds require FBAR disclosure with the Financial Crimes Enforcement Network.

Under the NSA Code of Professional Ethics, how should a CSP respond if asked to ghostwrite a book for a client who will publish it under their own name?

Answer: Accept the work; ghostwriting is an accepted professional practice when both parties agree and the arrangement is legally documented

Ghostwriting is a legal and widely accepted professional practice; NSA ethics do not prohibit it as long as both parties enter the agreement knowingly and it is properly contracted.

Which of the following clauses in a speaking contract specifically protects a speaker if an event is cancelled due to government-mandated restrictions?

Answer: Force majeure clause

A force majeure clause excuses performance obligations when events are cancelled due to extraordinary circumstances beyond either party's control, such as government shutdowns.

If a CSP makes a defamatory statement about a competitor during a public keynote, what type of defamation has occurred?

Answer: Slander

Slander refers to spoken defamatory statements, distinguishing it from libel, which applies to written or recorded defamatory content.

Under NSA guidelines, what is the recommended approach when a speaker discovers a bureau is misrepresenting their credentials to potential clients?

Answer: Directly and promptly correct the misrepresentation with the bureau and affected clients

NSA ethics require members to ensure accurate representation of their credentials and to address misrepresentations promptly to protect professional integrity.