Federal Trade Commission - FTC

AAA

DEFINITION of 'Federal Trade Commission - FTC'

An independent federal agency whose main goals are to protect consumers and to ensure a strong competitive market by enforcing a variety of consumer protection and antitrust laws. These laws guard against harmful business practices and protect the market from anti-competitive practices such as large mergers and price-fixing conspiracies.

INVESTOPEDIA EXPLAINS 'Federal Trade Commission - FTC'

The Federal Trade Commission deals with complaints that are filed regarding unfair business practices such as scams, deceptive advertising and monopolistic practices. It reviews these complaints to determine if businesses are in fact engaging in harmful practices. The FTC is also responsible for reviewing mergers in the market to ensure that they do not hurt competition in the market and potentially harm consumers. Generally speaking, the FTC does not have the ability to directly enforce its rulings, but it can go to the courts to have them enforced.

RELATED TERMS
  1. Marketing Fraud

    Illegal practices perpetrated by a company in the promotion of ...
  2. Breakage

    Revenue gained by retailers through unredeemed, expired or lost ...
  3. Antitrust

    The antitrust laws apply to virtually all industries and to every ...
  4. Oligopoly

    A situation in which a particular market is controlled by a small ...
  5. Monopoly

    A situation in which a single company or group owns all or nearly ...
  6. Ponzi Scheme

    A fraudulent investing scam promising high rates of return with ...
Related Articles
  1. How do I fix an error on my credit report?
    Credit & Loans

    How do I fix an error on my credit report?

  2. Online Investment Scams Tutorial
    Economics

    Online Investment Scams Tutorial

  3. History Of The U.S. Federal Trade Commission
    Personal Finance

    History Of The U.S. Federal Trade Commission

  4. Antitrust Defined
    Personal Finance

    Antitrust Defined

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center