| Comment Number: | 522418-10859 |
| Received: | 7/16/2006 11:19:27 PM |
| Organization: | CYBERMERICATT INTERNATIONAL |
| Commenter: | ZAFFAR RAHAMAN |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Attn Sirs... We applaud the FTC's intent to discourage fraudalent trade practices. We however feel that the proposed rules does not create a level playing field. Instead of a waitng period to register prospects, a reasonable cancellation policy would be just as effective. Prospects must have the basic common sense to do their own due diligence rather than having to legislate it. A cancellation policy still provides a recourse that would imdenify the prospect. It's a bit harsh to also require information on legal issues. All info pertinent to this is already freely available, on both direct sellers as well as thousands of conventional business out there. Microsoft is an example- the very operating system I'm using to write this. It should sufice that the business model is approved by the FTC, and that the direct seller is a member of the Better Business Bureau, just like all the other businesses. The objective of these proposed rules are to ensure that prospects are not deceived, and not taken advantage of financially, so at the worst a 30 to 60 day cancellation window with full refunds should be sufficient. Zaf