What federal agency requires that the seller of a franchise give the potential buyer a Franchise Disclosure Document (FDD)and audited financial statements?

Question

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The Federal Trade Commission (FTC) requires that the seller of a franchise provide a Franchise Disclosure Document (FDD) and audited financial statements to potential buyers. This is mandated by the FTC's Franchise Rule, which provides guidelines for the sale of franchises to protect consumers from fraudulent and misleading practices. The other agencies listed, such as the Securities and Exchange Commission (SEC), the Interstate Commerce Commission (ICC), and the Franchise Sales Commission (FSC), do not have direct oversight or regulation of the sale of franchises.

What Federal Agency Requires That the Seller of a Franchise