|Received:||6/27/2006 1:49:50 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:1) Should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. 2) Should provide a reasonable cancellation policy 3) Should not require a 7-day waiting period before a prospect could register (this is resolved by providing a reasonable cancellation policy) 4) Should not require IBO references be provided to prospects or disclosures of past litigation. 5) Should not require financial records to be disclosed to prospects.