Federal Trade Commission

Definition

FTC. Federal agency whose purpose is to encourage free enterprise and prevent restraint of trade and monopolies. Many mergers and acquisitions will go through the Federal Trade Commission if there is a concern that the merged company would be too much of a monopolistic force. The agency also protects consumers against deceptive practices such as false advertising or identity theft. The Federal Trade Commission was created in 1914 by the Federal Trade Commission Act.

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The Federal Trade Commission had regulated the industry and provided the groundwork for success by promoting positive business practices for all.

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You should try to make sure that you know all of the rules set forth by the Federal Trade Commission and not break them.

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At the request of the Federal Trade Commission, a U.S. district court has prohibited a New York-based company from calling elderly consumers and tricking them into paying for medical products they did not order.

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commission Federal Trade Commission Act Of 1914