Ftc Franchising Regulation Hearing Before the Subcommittee On Transportation a
Ftc Franchising Regulation Hearing Before the Subcommittee On Transportation a
United States Congress House Committee On Energ
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So obviously the penalties are not great enough or not being followed through, and I saw correspondence from the Department of Corporations that was — they were very concerned about the financial stability of Al Copeland Enterprises and required a $2 million bond to protect franchisees, but we never knew about it. So I am all for all the legislation you can do to help the little guy. Thanks very much. Ms. Lambert. Thank you, Ms. Anaya and we will let Mr. Hos- kins conclude this panel. STATEMENT... OF WILLIAM HOSKINS Mr. HOSKINS. Thank you. Madam Chairwoman and members of the subcommittee. My name is Hank Hoskins. I reside in Lansing Michigan and have joined the American Franchisee Association. I was a PIP Printing franchisee for 17 years and have been in litiga- tion with PIP since 1990. Along with my testimony, I am submit- ting to the committee a separate set of documents which refer spe- cifically to the subjects that I will discuss here as an appendix. The problem of fraudulent inducement in the purchasing of a franchise is not new.
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