How to block Facebook allowing your photo in 3rd party ads

I received this from a friend today, and thought it worth passing on:

Facebook is allowing advertisers to use the personal pics of site users in their ads without requesting permission first (technically facebook is the owner of your profile and anything on it).

You can block this by doing the following:

1. Click on SETTINGS (located on top of page in blue bar, next to logout);
2. Select PRIVACY SETTINGS;
3. Select NEWS FEEDS and WALL;
4. Select the TAB that reads Facebook Ads;
5. There will be a drop down box; Select NO ONE.
6. Save your changes.