| Comment Number: | 522418-06493 |
| Received: | 7/6/2006 2:10:17 PM |
| Organization: | Business Research Assoc. |
| Commenter: | Flo Price |
| State: | NV |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
WE SUPPORT THE IDEA of having MLMs and any business that advocates "building downlines" and that one can get rich by selling their deal--- to REGISTER with the F.T.C. Espec. for those promising that people can "get rich" or "create huge income while they sleep"---and "become financially independent"--- etc. the FTC should require that they list these claims and anything that substantiates the claim or promise. ALL CLAIMS should be listed with the evidence, data, research, or examples that support the accuracy of the claims. We think that this is the most important info that should be registered with the FTC. We are not in favor of having individual, common distributors file any type of registration or disclosures. Distributors are merely selling the products or services. The DISCLOSURES should be completed and filed by the company owners, CEO and founders. We don't really need the names & addresses of customers or other distributors released to the public. This may be an invasion of privacy. But you might require that the CEO, founders and owners of the business give STATISTICS, data and other itemized lists of who buys, who earns money, how many are successful, etc. In the case of any FRAUD--then the FTC can request specific details, names, etc. BECAUSE SCAMS are so widespread, even on the Internet, and the scam-artists have become very "slick"--with fancy websites, testimonials, color brochures, etc.--- We are seeking that the FTC initiate a more efficient and broad COMPLAINT PROCEDURE. We also support some type of IMPROVED process for consumers to file COMPLAINTS about illegal PYRAMID SCAMS, fraud, deception, and business corruption.