FTC Mulls Action Against Herbalife Ltd. (HLF)

US Federal Trade Commission chair Edith Ramirez sent a letter to US Senator Edward Markey telling him that she is considering taking action against Herbalife Ltd. (NYSE:HLF), the multi-level marketing company that critics accuse of being a pyramid scheme. “With respect to the allegations against Herbalife, Ltd., a number of statutory provisions and the Commission Rules of Practice prevent me from discussing what action, if any, the Commission may take in any particular situation,” Ramirez wrote, reports Svea Herbst-Bayliss for Reuters. “I can assure you, however, that the information you provided and the concerns you expressed are being carefully considered.”…