|Received:||7/6/2006 7:42:54 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I support the FTC goal of information flow to a prospect, but I do not think the Rule should go as written. I specifically do not think the list of lawsuits should listed, because lawsuits can be filed for any reason with out any basis of fact. The courts today are overrun with frivols lawsuits. It would be reasonable to disclose judgments against the company dealt with fraud/misrepresentation. I do not think that requiring 10 references is reasonable, because of the large distances organization cover. With Quixtar there are informational meeting across the country that prospects can attend and meet references.