Federal Trade Commission Act of 1914

Legislation in the United States that established the Federal Trade Commission (FTC). The Act gave the FTC the responsibility for protecting consumers from predatory or unfair business practices. The Act also provided a forum for citizens to complain about perceived wrongdoings in the business practices of a company. Additionally, the Act gave the FTC the ability to issue cease and desist orders to companies engaging in these practices. Its ability to enforce antitrust laws did not come until the 1930s.

Federal Trade Commission Act of 1914

The federal law that established the Federal Trade Commission and provided it with limited power to investigate corporate conduct, hold hearings, and issue cease-and-desist orders. In a 1938 amendment, the FTC was given expanded powers in halting merger activities. See also Clayton Act, Sherman Antitrust Act.

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Mentioned in

antitrust laws

References in periodicals archive

LaFalce confirming the application to banks of the prohibition contained in section 5 of the Federal Trade Commission Act against unfair or deceptive acts or practices.

Announcements

Laws addressed in this course include the Sherman Antitrust Act, the Clayton Act, The Robinson-Patman Act and the Federal Trade Commission Act. Through the use of actual case studies, this program addresses areas such as price fixing, bid rigging, predatory pricing and price discrimination.

CORPEDIA DEBUTS WEB-BASED TRAINING IN ANTITRUST LAWS

The statutes closely mirror the Federal Trade Commission Act (FTC act),(3) which also protects "the public from abuses arising in the course of competitive trade."(4) The state statutes require that great deference be accorded to the Federal Trade Commission and to federal court interpretations of the FTC act.

Protecting patients from physician business malpractice

(**) Federal Trade Commission Act at [sections] 5 (15 U.S.C.

Introduction: antitrust and the economics of the public interest

The principal federal antitrust acts are the Sherman Act, (1) the Clayton Act, (2) the Federal Trade Commission Act, (3) the Robinson-Patman Act, (4) and the Hart-Scott-Rodino Act.

Forming physician network joint ventures

Generally, they modeled their legislation after either the Federal Trade Commission Act (FTCA) or the Uniform Deceptive Trade Practices Act.

Accountant liability from a state law perspective

The FTC has issued a guide for the passenger-car tire industry which provides that direct or indirect representations made by members of the industry do not conform to the Federal Trade Commission Act unless the amount of the federal excise tax on tires is either included in the sale price of the tire or set out immediately next to the tire price.

Mail-order sales: GFOA and coalition petition the Federal Trade Commission

At that time, the FTC announced that it had reached a settlement with Chase Consulting that included a permanent injunction prohibiting it from deceptive practices that violate the Federal Trade Commission Act. The FTC accused the Sacramento, Calif-based company of using America On Line to offer credit repair services and to provide new identities to consumers, Medine says.

The truth about repairing your credit

It would be an amendment to the Federal Trade Commission Act. FDA and FTC reportedly have discussed coordinating their efforts.

What's behind FDA's resurgence?

The order does not prevent AICPA from formulating reasonable ethical guidelines prohibiting solicitation, advertising or trade names that it reasonably believes would be false or deceptive within the meaning of Section 5 of the Federal Trade Commission Act.

FTC order concerning restraints on CPAs

and Watson Laboratories Inc.--to eliminate the risk of competition for Opana ER and Lidoderm, in violation of the Federal Trade Commission Act.

Suit challenges pay deals