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The Federal Trade Commission is an independent regulatory agency responsible for protecting consumers and competition. [20] [21] In 1995, the FTC became involved with privacy regulation. At the beginning, the agency promoted self regulation as they encouraged companies to produce their own privacy policies that the FTC would help enforce.
The FTC Act does not give consumers the right to sue for violations of the act, but consumers may complain to the Commission about acts or practices they believe to be unfair or deceptive. [14] Consumers may, however, be authorized to sue under a state "UDAP" (unfair, deceptive and abusive practices) statute, sometimes called a "Little FTC Act."
The FTC was established in 1914 by the Federal Trade Commission Act, which was passed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Act , a key U.S. antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq.
He said the applicable provision "has nothing to do with private funds." Private funds' assets under management swelled to $26.6 trillion in 2022 from $9.8 trillion a decade earlier, as the number ...
NEW YORK (Reuters) -A top U.S. lobbying group for hedge funds and private credit firms on Thursday asked Donald Trump's transition team to review "harmful" private fund regulations and preserve ...
The act also places some restrictions on certain mutual fund activities such as short selling shares. However, the act did not create provisions for the U.S. Securities and Exchange Commission (SEC) to make specific judgments about or even supervise [clarification needed] an investment company's actual investment decisions. The act requires ...
The FTC (and DOJ) should return to the consumer welfare standard instead of persisting in the economic illiteracy and noncomprehensive jurisprudence promulgated by the 2023 guidelines.
Exchange funds became popular after Eaton Vance obtained a private ruling from the IRS in 1975 allowing their use. [ 6 ] The U.S. Securities and Exchange Commission has investigated the use of these arrangements with reference to the potential for market abuse by directors not disclosing their effective divestment in stocks for which they are ...