|Received:||7/17/2006 11:27:24 PM|
|Commenter:||Edward Keith, Jr.|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I support reasonable business disclosures that are fair and help consumers make wise choices. Such disclosures should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. The rule should also provide a reasonable cancellation policy. However, there are things that the rule should not provide: the rule should not require a seven-day waiting period before a prospect could register; the rule should not required IBO references be provided to prospects or disclosures of past litigation; and, the rule should not require financial records to be disclosed to prospects. These recommendations are forwarded for your review. Thank you.