|Received:||7/6/2006 6:10:06 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Simple, clear, standardized income disclosures are a great idea. If complicated, people will ignore them. I also agree with a reasonable cancellation policy. However, requiring waiting periods before allowing registration, references, disclosure of past litigation and financial records is unduly burdensome, confusing and harmful to business. The FTC does a great job with the approved disclosures and they provide adequate substanciation already.