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There is the FTC - the Federal Trade Commission.
Section 5 of the FTC Act declares unfair or deceptive acts or practices unlawful. Section 12 specifically prohibits false ads likely to induce the purchase of food, drugs, devices or cosmetics. Section 15 defines a false ad for purposes of Section 12 as one which is "misleading in a material respect." Numerous Commission and judicial decisions have defined and elaborated on the phrase "deceptive acts or practices" under both Sections 5 and 12.
Here is a link about such:
You can even file a complaint on that website about the product, the advertising of the product, or company and your thoughts about such.
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