FTC FILES CHARGES AGAINST INFORMATION BROKERAGE FIRM
Apr 26th, 1999 • Posted in: NewsWASHINGTON
The Federal Trade Commission (FTC) last week announced charges against Touch Tone Information Inc., an investigative firm that allegedly deceived financial institutions to obtain client information, which it then sold.
According to the FTC, Touch Tone employees called banks, brokerages, and other financial institutions, posing as account holders who had forgotten their balances and account information, the Associated Press reported.
The FTC claimed that Touch Tone would use names, addresses, phone numbers, and social security numbers to learn about account holders’ holdings and financial affairs — information the Denver-based company would then sell.
An FTC sting resulted in last week’s complaint and charges.
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