| Comment Number: | 522418-06346 |
| Received: | 7/6/2006 12:28:14 AM |
| Organization: | Quixtar.com |
| Commenter: | Srivatsa Srinivasan |
| State: | MA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
In my 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. The above is recommendation by IBOAI board of quixtar and i believe that there recommendation is fair. So i am recommending the same that the board is recommending I believe that some of the 'proposed' rules of FTC would not allow potential business owner to join since i would not have joined if all the proposed rules were enforced. thanks