Don’t be eager to pick a war with your neighbors that have turned all their swords into plowshares just because all you can see are old swords.
-Christopher Hudgens
No-action relief is a mechanism that allows registrants to obtain certain assurances from the FTC when their conduct may touch upon a gray area of regulation, or even may be technically proscribed, but does not raise the policy concerns underlying a particular rule.
-Securities and Exchange Commission