Connecticut Foreign Corrupt Practices Act - Corporate Policy

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Control #:
US-TC0814
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Description

This is a corporate policy document designed to meet the standards of the Foreign Corrupt Practices Act, a provision of the Securities and Exchange Act of 1934. FCPA generally prohibits payments by companies and their representatives to foreign (i.e., non-U.S.) government and quasi-government officials to secure business.

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FAQ

The Connecticut Unfair Trade Practices Act (CUTPA) prohibits unfair competition and unfair and deceptive acts. Initially adopted in 1973, CUTPA has been modified by the state legislature. The Department of Consumer Protection (DCP) has jurisdiction over CUPTA, but it is most commonly used as a private right of action.

Misrepresentation Representing that goods or services are of a particular quality, style or model if that representation is untrue. ... Making false or misleading statements about the condition of used goods. ... Representing goods as new when they are used, deteriorated, altered or reconditioned.

Section 42-110b - Unfair trade practices prohibited. Legislative intent (a) No person shall engage in unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce.

The Connecticut Unfair Trade Practices Act ("CUTPA"), Connecticut General Statutes §§ 42-110a ? 42-110q, provides remedies for unfair competition and false or deceptive advertising. See, e.g., Sportsmen's Boating Corp. v. Hensley, 192 Conn.

Section 33-920. - Authority to transact business required. (a) A foreign corporation, other than an insurance, surety or indemnity company, may not transact business in this state until it obtains a certificate of authority from the Secretary of the State.

Some examples of unfair trade methods are: the false representation of a good or service; false free gift or prize offers; non-compliance with manufacturing standards; false advertising; or deceptive pricing.

Connecticut Unfair Trade Practices Act (CUTPA) Sec. 42-110a et seq. cited; medical malpractice claims recast as CUTPA claims cannot form basis for a CUTPA violation.

Unfair trading practices is conduct that is: harmful but does not reach the legal threshold for unconscionable conduct. not misleading or deceptive but distorts consumer choice by creating confusion or hiding or omitting relevant information.

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Connecticut Foreign Corrupt Practices Act - Corporate Policy