Simplified Tax Records, Inc.

Text (OCR of the scan at left; may contain errors)

IN THE lV TIR OF SIMPLIFIED TAX RECORDS, INC., ET AL.

CONSENT ORDER , ETC. IN REGARD TO THE ALLEGED VIOLATION OF THE FEDERAL TRADE CO:Il:JIISSION ACT Docket 8361. Complaint, Apr. 1961-Decision, May, 1962 Consent order requiring a :Kew York City seller of business record-keeping systems, incluuing its ;'.Master I'Jl1ition Deluxe Edition, flnd ;;Standard Edi tion" systems, to franchised distributors to sell to small business menwho were then entitled to receive various consultation and advisor.)' services as well as sets of fonns for recording receipts, expenditures, assets, and other data and, in the case of those -purchasing the "::Iaster " and "Deluxe systems, to have their tax returns prepared by the company-to cease representing falsely in ne-.vsvaper advertising and other promotiunal material the income and profits that purchasers of its distributorships would receive as well as making a variety of other deceptive claims, as in the order below indicated.

, 1102 FEDERAL TRADE COMMISSION DECISIOKS Sylla!ms 60 F.

tive, employee, or agent of, or otherwise, directly or indirectly, connected with, or under the control or influence of, respondent. It is further ordered That, in said divestiture, respondent shall not sell or transfer, directly or indirectly, any of the stock, assets, properties, rights or privileges, tangible or intangible, to any corporation or to anyone, who, at the time of said divestiture, is an offcer, director employee or agent of such corporation, which, at the time of such sale or transfer, is a substantial factor in the dairy products industry, if the effect of such sale or transfer might bc to substantially lessen competition or tend to create a monopoly or oligopoly in any onc of the said dairy products, in any section of the country. It is furthe,' ordered That the charges contained in paragraph 7 of the complaint be, and they hereby are, dismissed. It is furthe" ol'dated That respondent, Foremost Dairies, Inc., shall within three months from the date of service upon it of this order subnlit in writing for the consideration and approval of the Federal Trade Commission, its pia.n for carrying out the provisions of this order, such plan to include the date \within \which full compliance may be effected.

I t is fU1'thej' ordel'ed That the hea.ring examiner s initial decision as modified and supplemented by the accompanying opinion, be, and it hereby is, adopted as the decision of the Commission. Commissioner Elman dissenting in part and Commissioner JIac- Intyre not participating.