Definition of Federal Trade Commission
Agency of the federal government created in 1914. The Commission’s principal functions are to promote free and fair competition in interstate commerce through prevention of general trade restraints such as price-fixing agreements, false advertising, boycotts, illegal combinations of competitors and other unfair methods of competition. See also Clayton Act; Robinson-Patman Act; Sherman Antitrust Act.
That's the definition of Federal Trade Commission in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.