Part 2 Consents
The FTC settled charges that the National Association of Music Merchants (NAMM), a trade association with more than 9,000 members nationwide, violated federal law by enabling and encouraging the exchange of competitively sensitive price information among its members. The FTC alleged that NAMM organized meetings at which its members were encouraged to communicate, and did in fact share, information about prices and business strategy. To the detriment of consumers, NAMM’s conduct enhanced the members’ ability to coordinate price increases for musical instruments. In settling the complaint, NAMM has agreed to stop engaging in such conduct.