| Comment Number: | 522418-05284 |
| Received: | 6/30/2006 1:55:32 PM |
| Organization: | |
| Commenter: | Brian Simcoe |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
The Act should mirror certain aspects of Sarbanes-Oxley that insure income is not double-reported. For example, if a new distributor buys product for $10,000, his upline could claim revenue of $10,000 but not the upline above that. Otherwise, several layers of uplines would all report the same revenue, grossly overstating the companies earnings.