FTC ends investigation of Pre-Paid Legal

The agency in 2007 launched an investigation into Pre-Paid's marketing of its Identity Theft product and the company's Affirmative Defense Response System, a program Pre- Paid developed to boost its group sales.

Last year, regulators alleged Pre-Paid made misleading claims about the effectiveness of its Affirmative Defense Response System to help organizations with government security requirements. In response, Pre-Paid revised its marketing materials.

However, staff members of the Federal Trade Commission in November proposed a complaint to its commission seeking monetary penalties, Pre-Paid disclosed in a regulatory filing. In February, Pre-Paid officials met with the agency to explain its disagreement "and to reach a mutually agreeable solution," the filing with the U.S. Securities and Exchange Commission said.