federal trade commission
Federal Trade Commission. An independent five-member federal commission that administers various laws against business monopolies, restraint of trade, and deceptive trade practices. • It was established by the Federal Trade Commission Act of 1914. 15 USCA §§ 41–58. The Commission’s body of rulings often reaches into state-law actions because many so-called Little FTC Acts of the states specify that FTC interpretations should provide a model for state-court decisions. — Abbr. FTC. [Cases: Trade Regulation 741. C.J.S. Trade-Marks, Trade-Names, and Unfair Competition §§ 342–344.]