| Comment Number: | 522418-03923 |
| Received: | 6/23/2006 11:18:32 AM |
| Organization: | XanGo |
| Commenter: | Kim Wikel |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I ask that you would carefully reconsider this proposal. It would dramatically and negatively alter the way that I do business. I have only been doing business for 1 1/2 years and could never have even started my business if there were a $500.00 investment required instead of the $35.00 that I paid instead. In 1979, to justify the reasonable $500 exemption, the FTC wisely said: "When the required investment to purchase a business opportunity is comparatively small, prospective purchasers face a relatively small financial risk. Also, the list of references that you want is in direct contradiction to a person's right to privacy. And what is this about a 7-day waiting period? That automatically puts us in a negative light. It is inadvertently or deliberately designed to dampen the enthusiasm of new prospects considering multilevel business opportunities. It will have a devastating impact on the entire direct selling industry. I realize that there are unscrupulous and conniving people out there preying on people who are trying to make an honest living. Why punish those of us who are honestly trying to help people get ahead, for the sake of stopping the disreputable companies? There must be a better way. Doesn't some responsiblity lie on the Better Business Bureau and also on the consumer to do their own research? Respectfully, Kim Wikel