What federal agency requires that the seller of a franchise give the potential buyer an offering circular and audited financial statements?

Question

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The Federal Trade Commission (FTC) requires that the seller of a franchise provide the potential buyer with an offering circular and audited financial statements. The offering circular must include detailed information about the franchise, such as the franchise fee, ongoing costs, and other important terms and conditions. The audited financial statements must provide a clear picture of the financial health of the franchise company. The goal of these regulations is to ensure that potential franchisees have all the information they need to make an informed decision about investing in a franchise.

What Federal Agency Requires That the Seller of a Franchise