|Received:||6/9/2006 6:18:33 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Under the proposed Rule, the disclosure document must be presented to the potential recruit at least seven calendar days before the recruit may sign an application or make a payment. A separate disclosure document is required if any earnings claim is made. Each application, disclosure statement, disclosure receipt and oral or written request for cancelation would have to be maintained for three years. It is clear that these requirements, if enacted, would place a serious and undue burden upon the multi level marketing industry, and would unnecessarily complicate the process of sponsoring. I believe this Rule, if enacted, could have a negative impact on multi level marketing business as well as all direct selling businesses.