CFA Supports FTC Rule Banning Fake Reviews
CFA joined a letter led by Public Citizen, supporting the Federal Trade Commission’s effort to crack down on conduct involving fake website reviews. Scammers use fake reviews to mislead consumers and to suppress competition from honest businesses. Research indicates that as much as 42% of the largest online retailer’s (Amazon’s) reviews may be phony. The FTC should pass a final rule which prohibits this unfair and deceptive conduct and which empowers it to seek consumer redress.
