Regulatory bodies (e.g., FTC, SEC)

Regulatory bodies, such as the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC), are government organizations that oversee specific sectors to ensure fair practices and protect consumers. The FTC focuses on preventing unfair business practices and promoting competition, while the SEC regulates the securities industry, ensuring that investors receive accurate information and that markets operate fairly. These agencies create and enforce rules to maintain trust in the economy, protect consumers, and ensure businesses operate within established laws. Their work helps promote transparency, fairness, and accountability in the marketplace.