| Comment Number: | 522418-04386 |
| Received: | 6/26/2006 7:02:42 PM |
| Organization: | Sides International |
| Commenter: | John S. Sides |
| State: | PA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I support reasonable business disclosures theat are fair and help consumers make wise choices . In my insights and experiences as an IBO, here is what the rule SHOULD and SHOULD NOT do. 1. SHOULD create a level playing field by requiring clear, asimple, and standardized income disclosures that apply to all direct sellers. 2. SHOULD provide a reasonable cancellation policy. 3. SHOULD NOT require a seven-day waiting period before a prospect could register. 4. SHOULD NOT require I.B.O. references be provided to prospects or disclosure of past litigation. 5.SHOULD NOT require financial records to be disclosed to prospects. This bussiness has helped myself and family to better ourselves in financial matters. Please be careful not to restrict our potantial for financial growth. Uniform, industry-wide disclosure requirements would help consumers evaluate opportunities such as ours and shut down bogus business opportunities. I support this goal. But there are flaws in the proposed rule, listed above, that would harm IBO businesses.