Federal Trade Commission Competition Director Joe Simons today announced the issuance of the Bureau's new "Statement of the Federal Trade Commission's Bureau of Competition on Negotiating Merger Remedies." This Statement is the latest in a continuing effort of the Commission to increase the transparency of its processes - this one relating specifically to negotiation of merger remedies.
The Federal Trade Commission and U.S. Department of Justice (DOJ) issued a letter on March 28, 2003, urging the Rhode Island House of Representatives to reject two proposed bills that would prevent non-lawyers from competing with lawyers to perform real estate closings.
A husband and wife team doing business through six corporations and five unincorporated entities are permanently banned from selling work-at-home business opportunities and from selling chain marketing schemes, including pyramid and Ponzi schemes, as part of a settlement with the Federal Trade Commission.
Defendants who used false earnings claims, shills, and other misleading representations to sell greeting card business ventures have agreed to settle Federal Trade Commission charges that their operation violated federal laws. The settlements will permanently ban the defendants from participating in the sale of any business venture and require them to give up their ill-gotten gains.
On November 13, the Federal Trade Commission and 12 federal, state, and local law enforcement and consumer protection agencies announced a four-part initiative to fight deceptive spam and Internet scams.