Take-Two confirmed Tuesday afternoon that the Federal Trade Commission has launched in investigation into their practices.

The FTC's division of advertising practices is conducting the investigation.

Take-Two said in a release today that the will fully cooperate with the FTC inquiry and believes they acted in accordance with all laws and regulations.

From the official statement:

Rockstar Games and Take Two Interactive regret that consumers may have been exposed to content that was not intended to be accessible in the playable version of Grand Theft Auto: San Andreas. The Company has taken significant steps to remedy this situation, including halting production of the current version of Grand Theft Auto: San Andreas, and has begun working on a version of the game that will not contain the elements used to enable the "hot coffee" modification. Going forward, the Company will refine the process by which it edits games and will enhance the protection of its game code to prevent such future modifications.

Take-Two Interactive recognizes and takes seriously its responsibility to ensure that its games are rated and marketed appropriately. The Company will continue to support and promote the ESRB rating system to help keep mature-themed video game content out of the hands of children.