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Locke Lord LLP | USA | 24 Nov 2009

Accountants seek injunction to bar FTC Red Flags Rule enforcement

On November 10, 2009, the American Institute of Certified Public Accountants ("AICPA") filed a lawsuit in the U.S. District Court for the District of Columbia on behalf of its nearly 350,000 certified public accountant members against the Federal Trade Commission (“FTC”) to seek an injunction barring the FTC from applying its Red Flags Rule to AICPA members.

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