| Comment Number: | 522418-03094 |
| Received: | 6/17/2006 10:01:51 AM |
| Organization: | Independent Xango Distributor |
| Commenter: | Patrick Canady |
| State: | NV |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Boardmembers, My name is Pat. I am writing today due to my concerns for the new proposed rule change. Although you seem to be trying to get fraudulent business practices out of the system and you mean well, the only thing your proposal is doing is making it harder for the honest businesses/ distributors to operate. your disclosure requirements,such as ( (7) seven day waiting period and references ) requirements would make even the most reputable companies look questionable or supicious. The overhead to keep such records for distributors and prospects could force legitimate companies out of business. This does not stimulate the economy or get entrepreneurs a fair playing field. The point is, that fraudulent people and companies WILL falsify records, names and anything else to get around your proposed changes, while the honest companies/ distributors are going to have a more difficult time trying to maintain business practices set by your new proposals. Thank you for your time and attention on this matter. Sincerly, PATRICK CANADY