|Received:||6/26/2006 8:01:45 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I support disclosure requirements that are fair and reasonable. It should be simple and easily applied to all direct sellers. A reasonable cancellation policy is ok. It should not require a seven day waiting period before registration; how would any business person like to have everybody wait seven days to make a decision to move forward? What purpose can providing references or disclosures of past litigation? This is not reasonable for all direct sellers, and in most cases may not even be relevant to the business being proposed. Financial records are private and should not be required to be disclosed for every direct seller. Providing potential incomes based on known variables and experiences should be acceptable. Eliminating scams and bogus business opportunities are fine, but don't burden legimate well established business with unnecessary regulations.