Regulators Eye Crackdown On Rising Use Of Tobacco Discounts

Law360, New York (May 22, 2013, 9:06 PM EDT) -- Tobacco companies are relying more on pricing discounts to sell cigarettes, the Federal Trade Commission reported Tuesday, a practice experts say may be the next target of regulators and lawmakers under increasing pressure from public health advocates to curb the industry's favorite marketing tactic.

The FTC released a report showing that spending on tobacco marketing rose in 2011 for the first time in nearly a decade, mostly because of an increase in discounts. Tobacco companies spent $7.8 billion on discounts and promotional allowances to wholesalers and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.