|Received:||7/17/2006 4:30:47 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:The seven day waiting period after receiving discosures before a prospect could register as an Indipendant Business Owner should be eliminated or waived for opportunities that provide a money back guarantee if not satisfied. The requirement to list references consisting of the names, addresses, and phone numbers of 10 IBO's in the area is not only an infringement of privacy upon those whose information would be provided but also opens the door for one of the references to register the prospect instead of the sponsor who provided the information to the prospect. Having to provide a list of all lawsuits, arbritrations and other legal claims for the past 10 years regardless if the accusations were false is an unfair requirement. Untrue, unfounded and unproven claims should not be allowed to taint the reputation of any company until they are proven true. I believe this requirement should be eliminated If a closed case is a matter of public record the outcome can be obtained by the prospect when investigating the company they are considering being apart of. The requirement to provide a disclosure for every income claim is Unfair. When people are hired into a company they are told different possibilities but no disclaimers have to be made at that time. No one can guarantee anyone how much another will make because you just don't know how hard a person will work for it. I suggest one disclosure to represent the average monthly gross income for active IBO's be sufficient. An average person will perform and receive an average income. The requirement to procvide person financial documents to support any income claim is an infringement upon my personal privacy. We should only be required to disclose those documents when required by FTC and similar state agencies in an investigation.