What Is the Federal Trade Commission Act?
The Federal Trade Commission Act prohibits unfair competition in the form of misleading consumers. It is unlawful for a business to adopt a practice, make a false statement, or omit information if it results in misleading a reasonable consumer. If the consumer is mislead about a business¿s product, or a product of its competitors, than the business has violated the Federal Trade Commission Act. What Are the Penalties for Violating the Federal Trade Commission Act?Under the Act, the public does not have the right to sue a business in violation. Instead, the Federal Trade Commission will issue an order against a violator on behalf of the general public. The business can then appeal the Commission¿s order in court. The Commission has the power to issue an order requiring the violating business to stop the illegal practice. If a business does not comply with the order, the Commission has the power to impose significant fines. Do I Need a Lawyer for my Federal Trade Commission Act Problem?Antitrust and Unfair Competition law is a very complicated area of the law. An experienced business lawyer can help guide you through the legal process and make sure all of your rights are protected. |
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