| Comment Number: | 522418-06206 |
| Received: | 7/5/2006 5:24:10 PM |
| Organization: | |
| Commenter: | Ann Cummins |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My recommendations as a Quixtar IBO since 1999 are as follows: Quixtar and the IBOAI support reasonable business disclosures that are fair and help consumers make wise choices. In our 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.