| Comment Number: | 522418-04535 |
| Received: | 6/27/2006 10:24:50 AM |
| Organization: | Quixtar Independent Business Owner |
| Commenter: | Dale Witherington |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Members of the FTC: Your decision to require businesses to make reasonable information disclosures to consumers so that they can make wise choices, especially with regards to taking advantage of a business opportunity, is a good one. However, your current proposal goes way too far overboard. I am 52 years old and have been a Quixtar IBO for not quite 5 years. I am not one of those who is making a truck load of money. However, having been in the business world much of my adult life, I have never been involved with a finer, more professional, highly ethical organization. Please do not penalize the types of organizations like this one that assist our country under the guise of protecting our citizens from those "opportunities" that illegally, immorally and/or unethically take advantage of people. Your new rules: 1. SHOULD create a level playing field by requiring clear, simple and standardized income disclosures that apply to all direct sellers. 2. SHOULD provide a reasonable cancellation policy. Your new rules: 1. SHOULD NOT require a seven-day waiting period before a prospect can register. Prospects, protected by items #1 and #2 above don't want that! 2. SHOULD NOT require IBO references to be provided to prospects. 3. SHOULD NOT require disclosure of past litigation. 4. SHOULD NOT require financial records to be disclosed to prospects. Thank you for your reasonable consideration of this. Dale Witherington