From July 1, 2017 to June 30, 2018, the FTC’s enforcement actions yielded more than $2.3 billion in refunds to defrauded consumers nationwide. If your business is under investigation, you could be facing strict civil penalties and, if the case is turned over to the Department of Justice, possible criminal prosecution.
At K-Campbell Law, PLLC, our attorney has defended corporations against the FTC for 30 years. In addition, we provide preventative counsel to reduce your risk of any complaints.
What is the FTC?
The Federal Trade Commission is an independent agency of the U.S. government meant to protect consumers against anticompetitive, deceptive, and unfair business practices. It is responsible for preventing consumer fraud and to make sure its enforcement actions address the harm the consumer had experienced. It also protects businesses from deceptive practices such as online scams, debt collection, data breaches, and government imposters.
Much of the work done by the agency is investigating complaints made by consumers and businesses alike. It also has the power to enforce antitrust and consumer protection laws and create trade regulations and making economic recommendations to Congress.
The FTC promotes fair competition in the marketplace through three bureaus:
- The Bureau of Competition: Evaluates anticompetitive mergers and other practices that can be viewed as monopolistic.
- The Bureau of Consumer Protection: Protecting the consumer from unfair and fraudulent practices.
- The Bureau of Economics: Assesses what the FTC’s proposed actions will have on the economy.
The Types of Civil Penalties
If your company is found in violation of committing unfair practices, the maximum civil penalty you could receive is $42,530 per violation. It can also authorize federal courts to levy even more penalties against a corporation if the infractions are severe enough.
These are matters that should not be taken lightly. You will need a highly skilled, experienced FTC defense lawyer by your side to protect your rights and make sure you are in full compliance with the law.
Protection From an FTC Investigation
If your business receives an investigation notice from the FTC, it’s best to have an FTC defense attorney who can assist you. For 30 years, Attorney Kerrie Campbell has worked closely with businesses and the government agency to help resolve any issues pertaining to unfair business practices. She will conduct a risk analysis on your business and review any marketing material that could be considered misleading, inaccurate or misrepresents your business and its products.
If your company is facing an investigation or possible penalties from the Federal Trade Commission, now is the time to act. Contact K-Campbell Law, PLLC for more information on how we can help your claim.