| Comment Number: | 522418-05794 |
| Received: | 7/3/2006 3:27:10 PM |
| Organization: | Quixtar and IBOAI |
| Commenter: | Devin Wight |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To whom it may concern, I do support the need to protect the public against scams and tricks but I do not want to tie the hands of legitimate businesses that are utilizing the same channels these scam-artists are using. I support the following rules: 1) Create a level playing field by requiring clear, simple, and standardized income disclosures that apply to ALL direct sellers. 2) ALL direct sellers should provide a reasonable cancellation policy. I do NOT support the following rules: 1) Require a seven-day waiting period before a prospect could register. We do not provide anything here that is a physical threat, why treat it like a firearm? 2) Require IBO references be provided to prospects or disclosure of past litigation. Scams artists start brand new businesses with fake references and will not have any litigation against them so how will this help? 3) Require financial records to be disclosed to prospects. How can you assure athinticity? The crooks again will forge these documents. Again, I agree that something must be done. All I ask is that your attempt to catch the “bad fish” does not entangle the “good fish” in the process. Thank you for your consideration, Devin Wight