Federal Trade Commission Essay

637 Words Mar 1st, 2016 3 Pages
Artemiy Andreev
February 15, 2016

The Federal Trade Commission
The Federal trade commission or called the FTC was created in 1914. The Federal Trade Commission Act is the act that started this commission and its purpose was to prevent unfair methods of competition in commerce as a part of the battle to “bust the trusts.” They also did this act to enhance the informed consumer choice and public understanding of this competitive process; and another reason was to accomplish this without the unduly burdening of legitimate business activity. The FTC deals with issues that do with the touchline of pretty much every American in the USA. These guys from the Federal Trade commission do an awesome job of saving and
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Federals from that agency also do they dirty work of chasing of businessmen-scammers to put punishment on them.
The Federal Trade Commission is knee-deep in a providing of process to implement the Children's Online Privacy Protection Act passed by Congress last October. Which was designed to protect the privacy of children and kids under 13 years. As it was passed as a result online marketing techniques that were targeting children. Much of sites were collecting personal data from young users without parental knowledge and consent. Therefore Trade Commission established guidelines to help Web site operators. That is still an issue for FTC as this problem is very on a go. But that only unsolved issue out of thousands that were completed very professionally and on time.
The day before the St. Valentine’s Day a businessman named John Nelson Beck was escaped, reporting by police, being accused by FTC as he scammed about million people in get-rich-quick infomercial scheme. “John Beck’s Free & Clear Real Estate System” cost $39.95, plus shipping and handling, and came with written materials, CDs and DVDs. Complaint consumers who purchased his production and signed up to his coaching sessions each were scammed out of

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