| Comment Number: | 522418-05710 |
| Received: | 7/3/2006 9:19:01 AM |
| Organization: | R&J Enterprises, Quixtar |
| Commenter: | Richard J Allis Jr |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I'am concerned that the new FTC regulations would greatly hinder honest business owners from building a legitimate business. The plan shoul create an equal playing field requiring clear, simple, and standard income disclosures that apply to all derect sellers. It should also provide a reasonable cancellation policy. It should not require IBO refrences be provided to prospects or disclosure of past litigation. I believe it should not require a seven-day waiting period before a prospect could register. In conclusion,it should not require financial records to be disclosed to prospects. Thank you for your consideration