Federal Trade Commission Summary

The US Securities and Exchange Commission (SEC) is the US federal agency that holds the primary mandate to enforce federal securities laws and regulations to control the securities industry and the country’s stock exchange and regulation of all activities and organizations including the US electronic securities market. The SEC is committed to promoting a market environment that yields public trust characterized by integrity to attain its mission of protecting investors through maintenance of fair and efficient markets through facilitation of capital information (Basagne, 2010). The SEC financing is a major area of focus since there has been major concern regarding the SEC agency financing and whether they utilize the

The Securities and Exchange Commission has the mission of protecting investors by maintaining fair, orderly and efficient markets. The SEC does this in a number of ways, and firms need to pay attention to these ways in order to ensure SEC compliance. The SEC has enforcement authority over a number of areas related to the nation's capital markets, including insider trading, accounting fraud, and providing false information. The SEC's jurisdiction extends to all securities that are traded publicly. Privately-held companies do not need to register with the SEC (SEC.gov, 2012).

The paper will serve as a historical background overview of how the Federal Trade Commission Act (FTC) came into existence. The paper will also break down the key components for which the FTC covers, such as deceptive advertising, baiting and switching and consumer fraud. There will be examples

The internet is a vital part of our lives, but what if I said it was a completely public one? Privacy is a rare commodity in today's world. As Nicholas Carr writes about in his essay “Tracking Is an Assault on Liberty,” corporations pay close attention to citizens. The most frightening part is that this practice is perfectly legal. Even recently the government stripped more of our privacy away. In the beginning of April 2017, President Trump repealed regulations by the Federal Communications Commission that would have forced internet service providers to gain consent before selling data collected from their customers. However, corporations aren't the only ones capturing data from internet users. The government is also making use of these records.

Essentially allowing anyone’s personal and sensitive online information to be sold to the highest bidder, which is not only immoral and unethical but a violation of the Constitution."Even in a society without unjust differences of power and wealth, there would still be things that money should not buy." Michael J. Sandel warns in his book, What Money Can't Buy. Selling people’s internet privacy is not equal to ticket scalping, there must be market limits, privacy must not be sold to companies such as Comcast or Verizon merely for making a profit. Consequently, with 88.5% of the American population using the internet, if the FCC’s rules should be repealed, it would create widespread pandemonium throughout America. Pandemonium such as widespread corruption or major riots on capitol hill. Moreover, there is no gain for American citizens with repealing the FCC’s rules; the house of representatives must vote against it. The FCC must stand and must be able to make new rules to protect American’s internet privacy and we must not treat internet privacy as a

The Federal Trade Commission enforces a variety of federal antitrust and consumer protection laws. The Commission seeks to

Accreditation provides a competitive advantage in the health care industry and strengthens community confidence in safety of care and treatment. Accredited hospitals provide higher quality of care to patients. It improves risk management and risk reduction and helps in organizing and strengthens patient safety efforts. It enhances recruitment and staff education and provides education on god practices to improve healthcare operations. The paper discusses how The Joint Commission assists in having better outcomes in terms of safety in Western Medical Center Hospital. In today’s society, every health care organization should provide a proof of accreditation and are subject to a three-year accreditation cycle. The Commission develops performance standards that address some of the important elements of operation, such as patient care, infection control, medication safety, and patient rights.

In 1890, the United States Congress passed the first Anti-Trust Law, called the Sherman Act, in an attempt to combat anti trusts and as a “comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade.” (The Antitrust Laws). Twenty four years later in 1914, Congress passed two more Anti-Trust Laws: the Federal Trade Commission Act, which created the Federal Trade Commission whose aim is to protect American consumers, and the Clayton act, which fills in any loopholes in the Sherman Act. Ultimately, these three Anti Trust Acts regulate three core problems within the market: restricting the creation of cartels, restricting the “mergers and acquisitions of organizations which could substantially lessen competition”, and prohibit the creation of monopolies in the market (“The Antitrust Laws”).

The Federal Trade Commission was founded by Woodrow Wilson the twenty-eight president of the United States and it was established in September 26, 1914 in Washington D. C. The seal for the Federal Trade Commission was adopted in 1915 and designed by Tiffany and Company. The seal symbolizes many of the values and promote the agency mission. The winged flywheel represents progress and reflects the commitment to protect consumer interests in a world of involving technology. The shield represents the role in defending American consumer interests. And it protects the benefits of robust competition and fighting harm to consumers from unfair deceptive practices. The scales are the traditional of emblem of justice

What is the FTC? The FTC stands for Federal Trade Commission. The Federal Trade Commission is an independent federal agency created by Congress in 1914 to help prevent unfair business practices, deception, fair trade practices, and unfair competition. The FTC’s mission is to protect the consumers by enacting laws to ensure that businesses cannot cheat people out of money and keep businesses from being unethical and immoral. The FTC takes complaints about businesses and investigates them for fraud or unfair labor practices every year (Silbersack, 2013).

The Federal Trade Commission (FTC) was created in 1914 primarily as a way for the government to “trust bust” or apply regulations ensuring a free marketplace for U.S. consumers and business enterprises. In this regard, the FTC enforces antitrust viola- tions that could hamper consumer interests, as well as federal consumer protection laws against fraud, deception, and unfair business practices. The commission’s primary enforcement mechanism is the Bureau of Consumer Protection, which is divided into seven divisions: (1) enforcement, (2) advertising practices, (3) financial practices, (4) marketing practices, (5) planning and information, (6) consumer and business educa- tion programs, and (7) privacy and identity protection.21 As the federal

The first antitrust law passed by Congress was the Sherman Act, in 1890. In 1914, Congress passed two other antitrust laws: The Federal Trade Commission Act, which created the Federal Trade Commission, and the Clayton Act. With some revisions, these are the most important federal antitrust laws still in effect today. Section 7 of the Clayton Act prohibits mergers and acquisitions when the effect "may be substantially to lessen competition, or to tend to create a monopoly." (ftc.gov) The antitrust laws proscribe unlawful mergers and business practices in general terms, leaving courts to decide which ones are illegal based on the facts of each case. For over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up. The enforcement authorities of the federal antitrust laws are The Federal Trade Commission and the U.S. Department of Justice (DOJ) Antitrust Division (ftc.gov).

ALJ On November 13, 2015, A Federal Trade Commission’s (FTC) Chief Administrative Law Judge (ALJ) held that LabMD did not violate Section 5(a)of the Federal Trade Commission Act (FTC Act) by failing to provide reasonable security for personal information on computer networks. This is the first decision that limits the authority of FTC to regulate businesses that fail to appropriately safeguard their consumers’ electronic personal information.

The concern about privacy on the Internet is increasingly becoming an issue of international dispute. ?Citizens are becoming concerned that the most intimate details of their daily lives are being monitored, searched and recorded.? (www.britannica.com) 81% of Net users are concerned about threats to their privacy while online. The greatest threat to privacy comes from the construction of e-commerce alone, and not from state agents. E-commerce is structured on the copy and trade of intimate personal information and therefore, a threat to privacy on the Internet.

Unethical marketing behaviors will cause legal troubles and a bad reputation. Here are some practices of unethical marketing, in which all should be avoided. First, Exploitation, which is using scare tactics or hard sells against vulnerable consumers. Second, Spamming which is the flooding a customer’s voicemail, mailbox, email or any other means of communication with unwanted messages. Third, bad mouthing the competition is talking down on values and benefits of your competion’s product or service . (Hunt, S. D., Chonko, L. B., & Wilcox, J. B., 1984) Forth, Misleading Advertisement and Information, which is any exaggerated claim or dishonest promise which will cause the customers to mistrust companies and spread that the product a failure.