To whom should violations of federal law regarding the Fitstop disclosure document be reported?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
sor may seek injunctive relief. See Minnesota Rules 2860.4400J.
The provision of this Additional Disclosure shall be effective only to the extent, with respect to such provision, that the jurisdictional requirements of the Minnesota franchise statutes are met independently without reference to these Additional Disclosures.
FOR THE STATE OF NEW YORK
The Cover Page of the Disclosure Document is supplemented by the following:
**INFORMATION COMPARING FRANCHISORS IS AVAILABLE. CALL THE STATE ADMINISTRATORS LISTED IN EXHIBIT G OR YOUR PUBLIC LIBRARY FOR SOURCES OF INFORMATION. REGISTRATION OF THIS FRANCHISE BY NEW YORK STATE DOES NOT
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, if you learn that anything in the Franchise Disclosure Document is untrue, you should contact the Federal Trade Commission and the New York State Department of Law, Bureau of Investor Protection and Securities, located at 28 Liberty Street, 21st Floor, New York, New York 10005. This instruction is specifically for the state of New York.
This information is crucial for prospective Fitstop franchisees in New York because it provides a clear course of action if they discover any inaccuracies or misrepresentations in the FDD. The FDD is a legal document, and the information contained within it is critical for making an informed investment decision. Knowing who to contact in case of discrepancies empowers franchisees to protect their interests and seek appropriate recourse.
It is important to note that this specific instruction applies to franchisees in New York. Franchisees in other states should refer to Exhibit G of the FDD, which lists state administrators, or their public library for sources of information. All franchisees, regardless of their location, can report concerns to the Federal Trade Commission (FTC), as the FTC is the primary federal agency responsible for enforcing franchise laws and regulations.