|Received:||7/12/2006 12:20:42 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Personally, I am sick of seeing these pyramid schemes trick my friends, and others. Those at he top rake in thousands of dollars, while the little guys, lose, or make very little. In fairness to the "consumers", I propose: 1. All multi-level marketing companies must comply with earnings- claims disclosure rules. No multi-level marketing company should be given an option of making "no earnings claims". 2. Multi-level marketing companies must disclose the average retail- based income earned by participants in each level of the hierarchy. 3. Income disclosures of multi-level marketing companies must include:-- The total number of all participants who joined in the past year, not just the so-called "active participants" in one part of a year.-- The average NET, not gross, income of participants in each level. Average net income is the average of all monies received from the company by participants minus the average of all moneys paid to the company by participants in each level. Expenditures paid to the company include product purchases, renewal fees, shipping costs, books, audio and video tapes, training and motivation seminars, computer fees, etc. I request that you protect the future possible paricipant of these schemes, and punish all those who take advantage of the unsuspecting recruits.