|Received:||7/14/2006 2:38:42 PM|
|Commenter:||Julia Louise Ross|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:#1 Eliminate the waiting period, at least for opportunities like Quixtar, because they already get their money back if not satisfied. #2Giving names, address and phone numbers of 10 other IBO'S is an invasion of privacy of those IBO'S and, as I understand it: THAT is illegal. #3. List of lawsuits, and other legal claims;; I do not have that info and it could open up Quixtar and other legitimate companies to false accusations. Probably the dishonest companies would find ways to ignore the rule. So Eliminate the requirement to disclose past litigations., Please #4. For income disclosure use a simple, standard, easily understood disclosure such as "average monthly gross income for 'active' IBO's". #5. Providing personal financial documents I should be able to provide substantiation for any claims "only" when required by the FTC or state agencies involved in an agency investigation.