KEY TAKEAWAYS:

FTC sues Key Investment Group over ticket resales

Company allegedly bypassed limits to buy 379,000+ tickets

Taylor Swift ‘s Eras Tour tickets cited in complaint

Broker says FTC misapplied the Better Online Ticket Sales Act

The U.S. Federal Trade Commission filed a lawsuit Monday against a ticket broker, alleging the company used illegal tactics to exceed purchasing limits for popular events and then resold tickets at significantly higher prices.

In a lawsuit filed in federal court in Maryland, the FTC said Maryland-based ticket broker Key Investment Group has used thousands of fictitious Ticketmaster accounts and other methods to buy tickets for events, including Taylor Swift’s Eras Tour.

According to the FTC, Key Investment Group – which does business under b

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