|Received:||7/16/2006 12:46:57 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:In my view, here is what the rule should and should not do. The rule: should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. Should provide a reasonable cancellation policy Should not require a seven-day waiting period before a prospect could register. Should not require IBO references be provided to prospects or disclosure of past litigation. Should not require financial records to be disclosed to prospects. The rule should not impose impossible requirements on the new IBO who has aligned him/her self with an honest and legitimate direct selling business but has not yet developed their business to the point of having references or financial results to report.