Feds Say They’re Investigating College Sports Agents
The Federal Trade Commission is launching a formal inquiry into agents who represent college athletes, the agency announced Monday.
The FTC has sent letters to 20 NCAA Division I schools asking whether their athletes’ agents have complied with the disclosure requirements in a 2004 law, the Sports Agent Responsibility and Trust Act (SPARTA). A spokesperson for the FTC told FOS that the FTC is not naming the schools chosen, as schools themselves aren’t the focus of the investigation. The 20 schools were chosen through a random selection process that emphasized schools with successful sports departments. The letter asks schools to reply by March 23.
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