|Received:||7/17/2006 10:41:22 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:1. Eliminate the waiting period, for oppportunities like Quixtar where a prospect can get his money back if not satisfied. 2. Eliminate the requirement to provide 10 references. . 3. Eliminate the requirement to disclose past litigation. 4. If disclosures are needed, require a simple, standard, easily understood disclosure such as "average monthly gross income for 'active' Independent Business Owners" 5. Independent Business Owners should possess substantiation for any claim but should not be required by the FTC and similar state agencies in an agency investigation.