| Comment Number: | 522418-07284 |
| Received: | 7/10/2006 11:08:50 AM |
| Organization: | |
| Commenter: | DEAN AND PAM PRICE |
| State: | SD |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
proposed rule#1. eliminate the waiting period, at least for opportuities like QUIXTARwhere the prospect can get his money back if not satisfied. PROSPECT RULE #2 this requirement would violate the privacy of every IBO whose name,address, and ph# was provided to prospects. It would also penalize the sponsor, who would be required to give his prospect contact info. to 10 other IBO'S any of whom might be happy to register the prospect themselves eliminate the requirements to provide 10 references. PROPOSED RULE#3Among other problems, this requirement would open up quixtar and other legitimate companies to false acccusations. Meanwhile, dishonest companies would simply ignore the rule. Please ELIMINATE the requirement to disclose past litigation.PROPOSED RULE #4 If disclosures are needed, require a simple, standard, easily understood disclosure like "average monthly gross income for 'active' IBOS."PROPOSED RULE #5IBOS should possess substantiation or any claim but should not be required to disclose it except when required by the FTC and similar state agencies in an agency investigation.