Federal Trade Commission

Pages431-435

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FEDERAL TRADE COMMISSION

600 Pennsylvania Avenue NW., Washington, DC 20580

Phone, 202-326-2222. Internet, www.ftc.gov.

Chairman Timothy J. Muris

Executive Assistant James C. Hamill

Commissioners Sheila F. Anthony, Thomas B. Leary, Orson Swindle, Mozelle W. Thompson

Executive Director Rosemarie A. Straight

Deputy Executive Director Judith Bailey

Chief Information Officer Richard G. Turner

Chief Financial Officer Henry Hoffman

Director, Bureau of Competition Molly S. Boast, Acting

Deputy Director Michael E. Antalics

Director, Bureau of Consumer Protection Jodie Bernstein

Deputy Directors Lydia B. Parnes

Teresa Moran Schwartz

Director, Bureau of Economics Jeremy I. Bulow

Deputy Directors Daniel P. O'Brien

Paul A. Pautler

General Counsel Debra A. Valentine

Deputy General Counsel John D. Graubert

Director, Office of Congressional Relations David R. Thomas

Director, Office of Public Affairs Eric D. London

Director, Office of Policy Planning Susan S. DeSanti

Secretary of the Commission Donald S. Clark

Chief Administrative Law Judge James P. Timony

Inspector General Frederick J. Zirkel

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The objective of the Federal Trade Commission is to maintain competitive enterprise as the keystone of the American economic system, and to prevent the free enterprise system from being fettered by monopoly or restraints on trade or corrupted by unfair or deceptive trade practices. The Commission is charged with keeping competition both free and fair.

T188578.044

The Federal Trade Commission was established in 1914 by the Federal Trade Commission Act (15 U.S.C. 41-58). The Commission is composed of five members appointed by the President, with the advice and consent of the Senate, for a term of 7 years. Not more than three of the Commissioners may be members of the same political party. One Commissioner is designated by the President as Chairman of the Commission and is responsible for its administrative management.

Activities

The Commission's principal functions are to:

--promote competition through the prevention of general trade restraints such as price-fixing agreements, boycotts, illegal combinations of competitors, and other unfair methods of competition;

--stop corporate mergers, acquisitions, or joint ventures that substantially lessen competition or tend to create a monopoly;

--prevent pricing discrimination, exclusive dealing, tying arrangements, and discrimination among competing customers by sellers;

--prevent interlocking directorates or officers' positions that may restrain competition;

--prevent the dissemination of false or deceptive advertisements of consumer productsand services as well as other unfair or deceptive practices;

--promote electronic commerce by stopping fraud on the Internet and working with other domestic and foreign agencies to develop and promote policies to safeguard online privacy of personal information;

--stop various fraudulent telemarketing schemes and protect consumersfrom abusive and...

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