FTC · final-rule · Published 2009-08-12 · 74 FR 40686
Document
Document number
E9-19257
Federal Register citation
74 FR 40686
CFR reference
16 CFR 317
Type
Rule
Action
Final Rule.
Category
final-rule
Agency
US Federal Trade Commission
Publication date
2009-08-12
Docket
Project No. P082900
Abstract
In this document, the Federal Trade Commission ("Commission" or "FTC") issues its Statement of Basis and Purpose ("SBP") and final Rule, pursuant to Section 811 of Subtitle B of Title VIII of The Energy Independence and Security Act of 2007 ("EISA").\1\ The final Rule prohibits any person, directly or indirectly, in connection with the purchase or sale of crude oil, gasoline, or petroleum distillates at wholesale, from knowingly engaging in any act, practice, or course of business - including the making of any untrue statement of material fact - that operates or would operate as a fraud or deceit upon any person, or intentionally failing to state a material fact that under the circumstances renders a statement made by such person misleading, provided that such omission distorts or is likely to distort market conditions for any such product. ---------------------------------------------------------------------------