| Comment Number: | 522418-04265 |
| Received: | 6/26/2006 9:41:22 AM |
| Organization: | XanGo |
| Commenter: | Joyce Knotts |
| State: | SC |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To All Concerned: My story at the age of 58 and finally in a business XanGo as in independent distributor, I am happier, healthier and more financially stable than I have ever been. I was in sales most of my life and have always enjoyed every venture. Although, this company surpasses any I have been involved with. Their compensation plan is the best in the business and at our age, my husband is 59 and lost $800 of his pension 4 years ago due to his steel company going bankrupt left us in a mess. This is happening all over the country and with downsizing, the only way to keep our head above water is in the direct sales industry. I understand your efforts to eliminate fraudulent groups. I am concerned about the impact the regulation will have on legitimate direct selling groups. My hope is the FTC will not destroy or penalize me for my efforts to be self supporting. It is risky not even knowing if Social Security will be available to our generation, we have to be able to survive and this is one way to do that. Implementing a 7 day waiting period causes the customer to loose the sizzle or cool off. It is impractical for many reasons. Customers often need and want our product immediately. Additional record keeping unnecessary waste of time, talent and expense can also cause a negative light on our values. The elimination of the $500 threshold does not affect us at all. The litigation reporting is irrelevant to almost all legitimate business. Also it is unfair in that it does not distinguish between winning and losing lawsuites.