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People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

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Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

Self-Reporting to the FTC: When It Makes Sense and How to Do It

Self-Reporting to the FTC: When It Makes Sense and How to Do It

When a company discovers that it has violated Federal Trade Commission (FTC) regulations or guidelines, it may need to consider self-reporting the violations. Self-reporting can demonstrate a company’s good faith, willingness to take responsibility, and commitment to compliance. However, the decision to self-report is complex with many factors to weigh. This article provides guidance on when self-reporting makes sense and how to go about the process.

What Triggers the Need to Self-Report

There are a few common situations that typically lead companies to self-report FTC violations [1, 2]:

  • Internal audit discovers regulatory violations
  • Whistleblower allegations prompt investigation
  • Merger and acquisition due diligence surfaces problems
  • Product safety incident requires disclosures

For example, during an internal audit, a telecommunications company discovers that call center representatives violated Do Not Call regulations. Or, after receiving a whistleblower complaint, a financial services firm investigates and uncovers failures to safeguard consumer data under the FTC’s Safeguards Rule.

These types of situations typically require legal advice to assess self-reporting obligations and options.

Weighing the Pros and Cons of Self-Reporting

The decision to self-report FTC violations involves careful evaluation of multiple risks and benefits [3, 4]:

Potential Benefits

  • Avoid formal FTC charges through negotiated settlement
  • Reduce civil penalties based on cooperation
  • Enable no-admit, no-deny settlements
  • Control public narrative through proactive messaging
  • Demonstrate strong ethics and compliance culture

Potential Risks

  • Trigger formal FTC investigation
  • Lead to additional violations uncovered
  • Result in litigation if negotiations fail
  • Harm reputation and investor confidence

Companies must carefully weigh these pros and cons based on the specific circumstances at hand. In some cases, self-reporting makes sense, while in others, it may be too risky. Engaging legal counsel can help inform this decision.

When Is Self-Reporting Appropriate?

Generally, self-reporting is appropriate and advisable when [5]:

  • Violations are isolated, limited, and unlikely to interest FTC
  • Violations resulted from negligence rather than intentional wrongdoing
  • Company promptly stops violations and strengthens compliance program
  • Cooperation credit would significantly reduce penalties

However, when violations are egregious, systemic, and likely to provoke FTC charges, self-reporting may be ill-advised. Companies should consult counsel to determine if self-disclosure or self-correction makes sense based on specific circumstances.

How to Self-Report to the FTC

If a company determines that self-reporting FTC violations is prudent, it should develop a comprehensive plan and process [6]. Key steps include:

  1. Conduct swift, thorough internal investigation
  2. Quantify full scope and impact of violations
  3. Assess root causes and compliance gaps
  4. Stop ongoing violations immediately
  5. Preserve documents and data related to violations
  6. Retain external legal counsel to interface with FTC
  7. Negotiate settlement terms and conditions
  8. Agree to compliance monitoring and reporting

Navigating discussions and negotiations with the FTC requires experience and competency. Skilled legal counsel plays an indispensable role throughout the process.

Key Takeaways

When faced with discoveries of FTC violations, companies must make complex, high-stakes decisions about self-reporting. Key takeaways include [7]:

  • Weigh risks and benefits thoroughly before deciding
  • Involve legal counsel to inform self-reporting decisions
  • Act swiftly to investigate and stop ongoing violations
  • Negotiate reasonable settlement terms that incentivize cooperation

While costly in the short-term, prudent self-reporting and cooperation with FTC investigations can benefit companies over the long run.

For more information and guidance on self-reporting FTC violations, check out the following additional resources:

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Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

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We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
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