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Next Stop on the FTC’s Rulemaking Train: Proposed Revisions to the Business Opportunity Rule
In today’s open up meeting, the FTC voted unanimously to concern an Advance Discover of Proposed Rulemaking (ANPR) thinking of expansions to and revisions of the FTC’s present Company Possibility Rule (“BOR”). This will be the initial overview of the BOR since it was promulgated back again in December 2011. In her assertion announcing the ANPR, Chair Khan indicated that “[t]he rule experienced served the general public perfectly above the several years,” but “several kinds of frauds . . . fall outside the scope of the existing rule, [including] specific sorts of enterprise coaching and do the job-from-property courses, investment programs, and e-commerce alternatives.” In a common chorus in the…