|Received:||6/28/2006 10:54:52 AM|
|Commenter:||James R Koski|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Eventhough I agree with your intentions of controlling the influx of disreputable "get-rich-quick" business scams, there are several parts of the propsed ruling that would basically harm reputable businesses as well. The 7 day wating period is wrong especially if the company offers a money back gaurentee program as does Quixtar. The financial disclosure part is too severe. Company averages posted in public data should be adequate. Personal disclosure would pose too severe a handicap on people just starting out in the business. I have been a registered IBO with Amway and then Quixtar since 1992 and all of my experiences have been of a positive nature.