To whom should violations regarding the Azal Coffee disclosure document be reported?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
NEW YORK
- REGISTRATION OF THIS FRANCHISE BY NEW YORK STATE DOES NOT MEAN THAT NEW YORK STATE RECOMMENDS IT OR HAS VERIFIED THE INFORMATION IN THIS DISCLOSURE DOCUMENT. IF YOU LEARN THAT ANYTHING IN THE DISCLOSURE DOCUMENT IS UNTRUE, CONTACT THE FEDERAL TRADE COMMISSION AND NEW YORK STATE DEPARTMENT OF LAW, BUREAU OF INVESTOR PROTECTION AND SECURITIES, 120 BROADWAY, 23RD FLOOR, NEW YORK, NEW YORK 10271.
Source: Item 23 — RECEIPTS (FDD pages 51–204)
What This Means (2024 FDD)
According to Azal Coffee's 2024 Franchise Disclosure Document, if a franchisee in New York learns that anything in the disclosure document is untrue, they should contact the Federal Trade Commission and the New York State Department of Law, Bureau of Investor Protection and Securities, located at 120 Broadway, 23rd Floor, New York, New York 10271. This notification is specific to franchise registrations in New York.
This requirement highlights the importance of verifying the information provided in the FDD and reporting any discrepancies to the appropriate regulatory bodies. The New York State Department of Law, Bureau of Investor Protection and Securities, specifically oversees franchise-related matters within the state. This measure ensures that prospective franchisees have a channel to report inaccuracies and seek protection under state laws.
It is important to note that this specific instruction applies to New York. Franchisees in other states may have different reporting requirements and should consult their state's franchise laws and regulations for guidance on where to report potential violations of the disclosure document. The FDD may contain similar state-specific disclosures for other registered states, so franchisees should carefully review the document for any such information relevant to their location.