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. Price Fixing

    Establishing the price of a product or service, rather than allowing ...
  4. Fair And Accurate Credit Transactions ...

    A U.S. resolution passed in 2003 that is aimed at enhancing protection ...
  5. Clayton Antitrust Act

    An amendment passed by the U.S. Congress in 1914 that provides ...
  6. Antitrust

    The antitrust laws apply to virtually all industries and to every ...
Related Articles
  1. Online Investment Scams Tutorial
    Economics

    Online Investment Scams Tutorial

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

    History Of The U.S. Federal Trade Commission

  3. Antitrust Defined
    Personal Finance

    Antitrust Defined

  4. Policing The Securities Market: An Overview ...
    Investing Basics

    Policing The Securities Market: An Overview ...

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center