Facebook does not give third party applications or ad networks the right to use your name or picture in ads. 

You can report concerns you have about the content or behavior of any platform application directly to the developer of that app by going to the application’s About page and clicking “Report App” at the bottom of the page, or by clicking “Report” at the bottom of any canvas page within the App.
https://www.facebook.com/help/?faq=116051181813395

BUT
Facebook runs ads from its own advertising system that lets your friends know if you have a direct connection with a product or service. This works similarly to the way your friends learn if you’re connected with a Facebook Page through their news feeds. For example, if one of your friends likes a Page, you may see an ad with your friend’s profile photo next to it, indicating the action that friend has taken with that Page. 
Unlike ads, Sponsored Stories are stories that your friends published into your news feed. These show up on the right hand side of pages on Facebook. The types of stories that can be surfaced include: Page Likes, Page Post Likes, App interactions, and Place check-ins. 
https://www.facebook.com/help/?faq=212039088830967. 

Ads and friendsEveryone wants to know what their friends like. That’s why we pair ads and friends—an easy way to find products and services you’re interested in, based on what your friends share and like. Learn more about social ads.Here are the facts:

• Social ads show an advertiser’s message alongside actions you have taken, such as liking a Page
• Your privacy settings apply to social ads
• We don’t sell your information to advertisers
• Only confirmed friends can see your actions alongside an ad
• If a photo is used, it is your profile photo and not from your photo albums