Federal Trade Commission

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Federal Trade Commission (FTC)

An independent federal agency consisting of a five-member board, whose goal is to create economic competition by promoting consumer protection and prevent illegal business practices. The FTC was created in 1914 to battle monopolisitc trusts, and has since been granted the abilities to prohibit anti-competitive and illegal business practices and enforce industry-wide regulations.
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Federal Trade Commission

A government organization with the responsibility of protecting consumers from predatory or unfair business practices. As such, it is responsible for the enforcement of antitrust laws, protecting against anti-competitive mergers and acquisitions. Citizens may complain to the Federal Trade Commission for perceived wrongdoings in the business practices of a company. While adjudicating these complaints takes time, the FTC provides a recourse against exploitation of the consumer.
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Federal Trade Commission (FTC)

A federal agency responsible for maintaining the competitive markets, thereby discouraging restraint of trade and monopoly. The clout and aggressiveness of the FTC vary greatly depending on its membership and the incumbent Presidential administration.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Federal Trade Commission (FTC)

Created in 1914,the FTC (www.ftc.gov) was the successor to the old Bureau of Corporations. It was formed in response to widespread concerns about monopolies and their impact on consumers.

Today, it is comprised of three bureaus:

1. Bureau of Consumer Protection. Created to protect consumers from unfair, deceptive, or fraudulent practices. It enforces a variety of consumer protection laws enacted by Congress. It also maintains the consolidated consumer Web site (www.consumer.gov) with information and links to over 170 government agencies.

2. Bureau of Competition. The antitrust arm.

3. Bureau of Economics. Helps the FTC evaluate the economic impact of its various policies.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
French chemical group Rhodia yesterday completed its acquisition of Midland-based Albright & Wilson, announced more than a year ago, after it won approval from the US Federal Trade Commission.
US-based electrical equipment manufacturer Emerson (NYSE: EMR) has a clear understanding of what is required to receive the final regulatory approvals from the US Federal Trade Commission and the Mexican Federal Economic Competition Commission for completion of the acquisition of UK-based industrial manufacturer Pentair Valves and Controls business, the company said.
(NASDAQ: SPLS) and Office Depot have issued a letter to customers, seeking support for their planned merger in the fact of continued challenges by the US Federal Trade Commission, the companies said.
M2 PHARMA-November 3, 2014-Actavis granted early termination of waiting period for acquisition of Durata by US Federal Trade Commission
07 ( ANI ): The US Federal Trade Commission (FTC) has reportedly approval Google's acquisition of Nest for 3.2 billion dollars.
The US Federal Trade Commission and the US Department of Justice have granted the parties' request for early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The Finnish elevators and escalators maker KONE Corporation said today (13 August) that the US Federal Trade Commission had approved its planned acquisition of the engineering group Partek Corporation.
The US Federal Trade Commission has completed a survey looking at what safety measures gambling web sites have in place to combat underage use.
The pre-conditional offer for BOC will be extended to May 12 from March 13 so that the two bidders have time to agree US asset sales that may be required to obtain approval from the US Federal Trade Commission (FTC) for the takeover.
24 August 2015 - US Federal Trade Commission terminated the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to US-based pharmaceutical company Pfizer Inc.'s (NYSE: PFE) pending acquisition of US-based pharamaceutical and medical device company Hospira, Inc.
07 ( ANI ): Millions of Android users have been "deceived" by a developer, who gathered their personal data through free flashlight app, the US Federal Trade Commission (FTC) said.
The purchase still awaits additional regulatory nods, including from the US Federal Trade Commission (FTC).