| Comment Number: | 522418-12661 |
| Received: | 7/17/2006 11:27:24 PM |
| Organization: | |
| Commenter: | Edward Keith, Jr. |
| State: | SC |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I support reasonable business disclosures that are fair and help consumers make wise choices. Such disclosures should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. The rule should also provide a reasonable cancellation policy. However, there are things that the rule should not provide: the rule should not require a seven-day waiting period before a prospect could register; the rule should not required IBO references be provided to prospects or disclosures of past litigation; and, the rule should not require financial records to be disclosed to prospects. These recommendations are forwarded for your review. Thank you.