The Federal Trade Commission (FTC) has informed XM Satellite Radio that they're closing its inquiry into the company's marketing and customer service practices.
The FTC launched this inquiry back in Spring 2006. XM had received a letter on April 25th stating that the FTC was conducting an inquiry into whether XM’s activities were in compliance with various acts - including the FTC Act, the Telemarketing Sales Rule, the Truth in Lending Act, and the CAN-SPAM Act.
The FTC has decided to close the inquiry without any action.
UPDATE: Word has it that the FTC investigation isn't just "closing" - it's closed. No action. Done deal.
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