|Received:||6/27/2006 2:47:26 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I believe that this rule should create a level playing field by requiring clear, simple, and standarized income disclosures that apply to all direct sellers as well as provide a reasonable cancellation policy. Bottom line, you get paid for moving products. I do not think the rule should require a seven-day waiting period before a prospect could register. By providing legal information as well as a game plan for execution, I believe a prospect should be able to register at their convenience. I do not think the rule should require IBO references be provided to prospects or disclosure of past litigation. When we apply for employment at a company, this is neither required or may not be relevent to the applicant. A prospect should be able to do their due deligence and review any pertinent information if necessary. Lastly, I do not think the rule should require financial records to be disclosed to prospects as this is not required when interviewing for employment or buying a small/medium public franchise and the potential income.