Guest guest Posted June 1, 2006 Report Share Posted June 1, 2006 Dear Donna, Yes, that will probably kill all the multilevels. Best of Health! Dr. Saul Pressman FTC interference again I got this, this morning ... Donna ---------------------------------------------------------------------------- If you are into MLM this concerns your future business greatly. FTC’S WET BLANKET RULE OF 2006 By Clinton Ray On April 12, 2006 the Federal Trade Commission (FTC) published an Orwellian 42 page, extremely small print.“Notice of proposed rulemaking” in the Federal Register. (see pages 19054 to 19096). The FTC claims it is only proposing its new rule to protect consumers from fraud. However the rule expands its 1979 franchise rule to include several million multilevel individuals for the first time. The following items are only a portion of a summary of the key provisions of the FTC’s proposed rule as reported by Emord and Associates of Washington D. C. THE 7 DAY RULE “The FTC’s proposed new rule will make it unlawful for any person who presents a business opportunity to another person to do so without making specific affirmative disclosures on a federal form to every prospect seven days before consummation of a deal.” And federal prosecution for those who fail to fill out a form properly The rule applies to all multi-level persons who, expressly or by implication, orally or in writing, make an “earnings claim”. “Earning claims include, but are not limited to: (a) any chart, table, or mathematical calculation that demonstrates possible results based on a combination of variables” and ( any statement to a purchaser that could be reasonably be viewed as inferring that he or she will earn a minimum level of income…” (1) An Earning Claims Statement must be given every prospective purchaser. The claim must be written on a federal disclosure form. It must include (a) the name of the person making the claim ( the earnings claim © the beginning and ending dates when the earnings were achieved (d) and the number and percentage of all purchasers who achieved at least the stated level of earnings. (2) Legal Actions: The seller must disclose all legal charges that have been brought against him or her “… in the 10 years immediately preceding the date the business opportunity is offered.” (3) Cancellation or Refund Requests: The seller must disclose the total number of oral and written cancellation requests received during the 2 prior years. (4) References: The seller must disclose the name, addresses and phone numbers of all purchasers of the business opportunity within the last 3 years who are located nearest to the prospective purchaser’s location. Alternatively, a list may be supplied showing all purchasers nationwide within the last three years. (5) Updates. All information on the form disclosed by the seller must be updated quarterly to reflect any changes. Updates must be supplied to the purchasers monthly. (Think of the mountains of paperwork!) (6) Record Retention: Every person who presents a business opportunity to another must retain (1) signed and dated copies of the business opportunity forms that are given to prospects; (2) every update; (3) every executed contact; (4) every cancellation or refund request; and (4) all substantiation relied upon for a period of 3 years. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted June 1, 2006 Report Share Posted June 1, 2006 Finally something good out of the government:) Sherri-Lee Need safe and natural health products? http://www.aloeessence.com Re: Attack on multilevels Dear Donna, Yes, that will probably kill all the multilevels. Best of Health! Dr. Saul Pressman FTC interference again I got this, this morning ... Donna ---------------------------------------------------------------------------- If you are into MLM this concerns your future business greatly. FTC'S WET BLANKET RULE OF 2006 By Clinton Ray On April 12, 2006 the Federal Trade Commission (FTC) published an Orwellian 42 page, extremely small print. " Notice of proposed rulemaking " in the Federal Register. (see pages 19054 to 19096). The FTC claims it is only proposing its new rule to protect consumers from fraud. However the rule expands its 1979 franchise rule to include several million multilevel individuals for the first time. The following items are only a portion of a summary of the key provisions of the FTC's proposed rule as reported by Emord and Associates of Washington D. C. THE 7 DAY RULE " The FTC's proposed new rule will make it unlawful for any person who presents a business opportunity to another person to do so without making specific affirmative disclosures on a federal form to every prospect seven days before consummation of a deal. " And federal prosecution for those who fail to fill out a form properly The rule applies to all multi-level persons who, expressly or by implication, orally or in writing, make an " earnings claim " . " Earning claims include, but are not limited to: (a) any chart, table, or mathematical calculation that demonstrates possible results based on a combination of variables " and ( any statement to a purchaser that could be reasonably be viewed as inferring that he or she will earn a minimum level of income. " (1) An Earning Claims Statement must be given every prospective purchaser. The claim must be written on a federal disclosure form. It must include (a) the name of the person making the claim ( the earnings claim © the beginning and ending dates when the earnings were achieved (d) and the number and percentage of all purchasers who achieved at least the stated level of earnings. (2) Legal Actions: The seller must disclose all legal charges that have been brought against him or her " . in the 10 years immediately preceding the date the business opportunity is offered. " (3) Cancellation or Refund Requests: The seller must disclose the total number of oral and written cancellation requests received during the 2 prior years. (4) References: The seller must disclose the name, addresses and phone numbers of all purchasers of the business opportunity within the last 3 years who are located nearest to the prospective purchaser's location. Alternatively, a list may be supplied showing all purchasers nationwide within the last three years. (5) Updates. All information on the form disclosed by the seller must be updated quarterly to reflect any changes. Updates must be supplied to the purchasers monthly. (Think of the mountains of paperwork!) (6) Record Retention: Every person who presents a business opportunity to another must retain (1) signed and dated copies of the business opportunity forms that are given to prospects; (2) every update; (3) every executed contact; (4) every cancellation or refund request; and (4) all substantiation relied upon for a period of 3 years. OxyPLUS is an unmoderated e-ring dealing with oxidative therapies, and other alternative self-help subjects. THERE IS NO MEDICAL ADVICE HERE! This list is the 1st Amendment in action. The things you will find here are for information and research purposes only. We are people sharing information we believe in. If you act on ideas found here, you do so at your own risk. Self-help requires intelligence, common sense, and the ability to take responsibility for your own actions. By joining the list you agree to hold yourself FULLY responsible FOR yourself. Do not use any ideas found here without consulting a medical professional, unless you are a researcher or health care provider. You can unsubscribe via e-mail by sending A NEW e-mail to the following address - NOT TO THE OXYPLUS LIST! - DO NOT USE REPLY BUTTON & DO NOT PUT THIS IN THE SUBJECT LINE or BODY of the message! : oxyplus-unsubscribeegroups oxyplus-normalonelist - switch your subscription to normal mode. Quote Link to comment Share on other sites More sharing options...
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