TikTok is under investigation by the FTC over data practices

NEW YORK — The Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the company, according to a person familiar with the matter. The investigation is the latest battle in Washington for the social media company, which is already fighting against a federal bill that could ban the platform in the U.S. if it doesn't break ties with its Beijing-based parent company, ByteDance. In its investigation, the FTC has been looking into whether TikTok violated a portion of federal law that prohibits "unfair and deceptive"…