FTC Approves Final Orders Requiring Two Professional Associations to Eliminate Rules that Restrict Competition among Their Members

Following a public comment period, the Federal Trade Commission has approved final orders settling charges that the National Association of Residential Property Managers, Inc. (NARPM) and the National Association of Teachers of Singing, Inc. (NATS) restrained competition among their respective members through their codes of ethics.  

Under the FTC orders, the National Association of Residential Property Managers must stop restraining members from soliciting competitors’ clients or engaging in comparative advertising that is not false or deceptive and the National Association of Teachers of Singing cannot prohibit its members from soliciting students from other members. The NATS order also requires it to obtain a certification from each of its chapters that the chapter is not engaged in any prohibited practices and both associations must implement compliance programs.   

The Commission votes approving the final orders were both 5-0. (NARPM: FTC File No 141 0031; the staff contact is Armando Irizarry, Bureau of Competition, 202-326-2964; NATS: FTC File No 131 0127; the staff contact is Karen A. Mills, Bureau of Competition, 202-326-2052.)

The FTC’s Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the Commission take law enforcement action. To inform the Bureau about particular business practices, call 202-326-3300, send an e-mail to antitrust@ftc.gov, or write to the Office of Policy and Coordination, Bureau of Competition, Federal Trade Commission, 600 Pennsylvania Ave, Room CC-5422, Washington, DC 20580. To learn more about the Bureau of Competition, read Competition Counts. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

IR Press

Share
Published by
IR Press

Recent Posts

Agencies Issue Guide to Assist Community Banks to Develop and Implement Third-Party Risk Management Practices

Federal bank regulatory agencies today released a guide to support community banks in managing risks…

1 day ago

MEDIA ADVISORY: Under Secretary for Terrorism and Financial Intelligence Brian Nelson to Travel to Singapore and Malaysia

WASHINGTON – From May 6th to May 9th, Under Secretary of the Treasury for Terrorism…

2 days ago

Remarks by Secretary of the Treasury Janet L. Yellen on the Economic Case for Democracy

As Prepared for DeliveryI. IntroductionGood afternoon. Thank you to the McCain Institute for the invitation…

2 days ago

Treasury Targets Sanctions Evaders Supporting Key Hizballah Financial Advisor

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

3 days ago