To whom should violations regarding the Crown Gold Exchange disclosure document be reported?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
If Goldmember, LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and any applicable state agency (which are listed in Exhibit A).
Source: Item 23 — RECEIPTS (FDD pages 39–114)
What This Means (2024 FDD)
According to the 2024 Crown Gold Exchange Franchise Disclosure Document, if the document is not delivered on time, contains false or misleading statements, or has material omissions, a violation of federal and state law may have occurred. In such cases, the violation should be reported to the Federal Trade Commission (FTC) in Washington, D.C. 20580, and to any applicable state agency listed in Exhibit A of the FDD.
Exhibit A includes state-specific addenda to the disclosure document, which may contain additional information about state agencies to which violations should be reported. For example, the California addendum states that complaints about the content of Crown Gold Exchange's website can be directed to the California Department of Financial Protection and Innovation (www.dfpi.ca.gov). Similarly, the New York addendum advises contacting the Federal Trade Commission and the New York State Department of Law, Bureau of Investor Protection and Securities, at 28 Liberty St. 21ST FLOOR, New York, NY 10005, if anything in the Franchise Disclosure Document is untrue.
Prospective Crown Gold Exchange franchisees should carefully review Exhibit A for their specific state to identify the appropriate state agency for reporting potential violations. Keeping a record of all communications and documents related to the franchise offering is advisable, as this information may be needed when reporting a violation. Consulting with an attorney experienced in franchise law can also provide guidance on how to proceed if a franchisee believes there has been a violation of federal or state law.