| Comment Number: | 522418-05543 |
| Received: | 7/1/2006 10:21:47 PM |
| Organization: | The Team |
| Commenter: | Edwin Vargas |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Quixtar and the IBOAI support reasonable business disclosures that are fair and help consumers make wise choices. In my view, here is what the rule should do. The rule… • Should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. • Should provide a reasonable cancellation policy. • Should not require a seven-day waiting period before a prospect could register. • Should not require IBO references be provided to prospects or disclosure of past litigation. • Should not require financial records to be disclosed to prospects.