|Received:||6/28/2006 2:43:40 PM|
|Organization:||World Wide Group|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I would like to comment regarding your proposed rule change to the Trade Regulation Rule on Business Opportunities, my comments are as follows. 1. As to a seven day waiting period for registering new IBOs. If their is a money back gaurentee for the business registration with a reasonable time period then their is no need for a waiting period to get started. 2. As to giving a list of references of at least ten other IBOs. Once again if there is a money back gaurentee thier is no need to do this. This also infringes on the privacy rights of the individual person. 3. Regarding past litigation. It is already a public knowledge and easily found on the internet by any person. Once again with the money back gaurentee thier is no possibilty of loss involved. 4. Disclosure of income claim. Then require a basic disclosure that represents an average monthly gross income for 'active' people within the opportunity. 5. Providing documents to back up substantiate income claims. Near as i can tell the business i am in has a federal trade commision approved form that tells what are income would be at certain points in our oppurtunity. As far as being required it should only be required for agency investigation, and once again with a money back gurantee thier is no risk of loss. As long as the trade commision requires complience by the direct sellers with the current regulations thier is no need for addational regulations for the protection of the people.