[Federal Register Volume 62, Number 127 (Wednesday, July 2, 1997)]
[Notices]
[Page 35816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17357]
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FEDERAL TRADE COMMISSION
[Dkt. C-3731]
The Administrative Company, et al.; Prohibited Trade Practices,
and Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent Order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair or deceptive acts or practices and unfair methods of
competition, this consent order prohibits, among other things, a Texas-
based corporation and its officer from making certain false, misleading
or unsubstantiated claims concerning the benefits and appropriateness
of living trusts or any legal instrument or service they offer and
requires the respondents to clearly and conspicuously disclose to
consumers that such trusts may be legally challenged on similar grounds
as wills, that living trusts may not be appropriate in all instances,
and that the transfer of an individual's assets into a living trust is
not included in the price of creating the trust.
DATES: Complaint and Order issued April 14, 1997.\1\
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\1\ Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
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FOR FURTHER INFORMATION CONTACT: Janice Charter, Federal Trade
Commission, Denver Regional Office, 1961 Stout St., Suite 1523, Denver,
CO. 80294. (303) 844-2272.
SUPPLEMENTARY INFORMATION: On Wednesday, February 5, 1997, there was
published in the Federal Register, 62 FR 5413, a proposed consent
agreement with analysis In the Matter of The Administrative Company, et
al., for the purpose of soliciting public comment. Interested parties
were given sixty (60) days in which to submit comments, suggestions or
objections regarding the proposed form of the order.
No comments having been received, the Commission has ordered the
issuance of the complaint in the form contemplated by the agreement,
made its jurisdictional findings and entered an order to cease and
desist, as set forth in the proposed consent agreement, in disposition
of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interprets or applies sec. 5,
38 Stat. 719, as amended; 15 U.S.C. 45)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 97-17357 Filed 7-1-97; 8:45 am]
BILLING CODE 6750-01-M
