Why Manufacturers Should Look At The Federal Trade Commission (FTC)’s Website

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As readers of this blog know, Pam looks at OSHA’s website often to stay up to date on news that impacts manufacturers.  I tend to look at the Federal Trade Commission (FTC)’s website to see if there are any recent orders or news items that impact manufacturers or distributors from a corporate compliance perspective.  The FTC tends to focus on two different areas:  (1) protecting consumers from deceptive or fraudulent practices in the marketplace; and (2) protecting competition by enforcing antitrust laws.

One area of the website that I would recommend is the FTC’s Business Center Blog.  For instance, this week, the Business Center Blog reported on a multi-million dollar settlement with a company in Texas that the FTC claimed made “baseless weight-loss claims about its green coffee extract to retailers, who repeated those claims in marketing finished products to consumers.”  In another post, the FTC Business Center Blog reports on a recent scheme impacting businesses where “a hacker poses as a senior executive and asks an employee to complete a financial transaction, like a confidential business investment or a payment to a vendor.  Once money is wired to a bogus account, it can be nearly impossible to recover.”

In addition to the Business Center Blog, the FTC’s website has a lot of information that can be helpful to manufacturers and distributors.  The website has an entire section on advertising and marketing, including “Made in the USA” claims.  In addition, I am often asked to counsel clients on their warranties and the FTC’s “Businessperson’s Guide to Federal Warranty Law” is one of the resources that I use during these engagements.

 

 


 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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