| Comment Number: | 522418-05735 |
| Received: | 7/3/2006 12:05:16 PM |
| Organization: | Quixtar |
| Commenter: | Jim Gentile |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am writing in regards to the proposed Business Opportunity Rule noted above. I believe this rule will add burdensome requirements that would be more detrimental than helpful for Independent Business Owners and prospects of a legitimate business. Any past litigation is already available to people and to require financial disclosure is quite an invasion of privacy. I do agree that the playing field should be level by requiring the provision of standardized income disclosures for direct sellers and that a reasonable cancellation policy be established. However, to require a 7 day waiting period for prospects to register, contact information on 10 other IBO's, listing all allegations against Quixtar and it's IBO's for the last 10 years, and requiring substantiation for every income claim all place an unreasonable burden on both IBO's and Prospects. Please reconsider your proposal and seek to ammend it in a way that balances the dislocure of relevant information with making it easy to operate an indepenent business ownership. Thank you . Jim Gentile