The International Franchise Association (IFA) today submitted comments to the North American Securities Administrators Association (NASAA) in support of its proposed “Franchise Broker Act,” a model for state legislatures which would provide registration and disclosure requirements for third-party franchise sellers and their representatives. In the comments, IFA applauds NASAA’s efforts to establish greater transparency in the franchise sales process, while suggesting amendments to the proposal to provide clarity and practical application of registration and disclosure requirements.
