| Comment Number: | 522418-08432 |
| Received: | 7/12/2006 7:37:15 PM |
| Organization: | V.I.P. Enterprises Inc. |
| Commenter: | Frank Ingraham |
| State: | DE |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I fully support Quixtar's position on reasonable business disclosures that are fair and help consumers make wise choices. The rule that is being considered should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers and should provide a reasonable cancellation policy. The rule 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 and should not require financial records to be disclosed to prospects.