Comment Number: 522418-05400
Received: 6/30/2006 11:09:19 PM
Organization:
Commenter: S. J. Butts
State: MI
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have read the FTC proposed rulings, and find them unfairly restrictive for a legitamate business, such as Quixtar. I have been a member of Alticor (formerly Amway and now Quixtar) for over 30 years. Their business practices have always been fair, in my opinion. As to the 7 day waiting between reviewing the business and being able to register: The start up cost is less than $60 and fully refundable if for any reason the new IBO changes his or her mind. Any additional start up cost is only buying what they would have purchased at the supermarket or drug store for their own use. As to giving the new IBO 10 nearby references. That would violate the referals privacy by giving his or her name and address to someone that they would not know. If we would start an IBO in another community, we would not know nearby referals. I appreciate the need for providing a prospect with correct information, and appreciate the FTC for trying to keep unscrupulous schemes from flurishing, but also feel that legitimate businesses should not be unduly penalized in so doing. Giving a list of ALLEDGED fruad is like being called guilty of that allegation without proof. Giving Personal financial statements to a person interested in being associate is unfair and unbusinesslike. Is a realtor required to reveal his personal earnings to each person that inquires about selling real estate? I don't think so. In closing, the FTC needs to be a watch dog for the unscrupulous, but also an ally to the fair business practices of Businesses like Quixtar, and others in the field that have a fair track record. Thansk for for considering my comments