| Comment Number: | 522418-06055 |
| Received: | 7/5/2006 8:21:04 AM |
| Organization: | |
| Commenter: | Vanessa Benavent |
| State: | MD |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I appreciate the FTC's efforts to regulate the get-rich-quick schemes I see advertised regularly. However, I am concerned that some of the changes would affect my privacy. I am a member of Quixtar, an IBO, and I consume personally without selling to others or trying to have others join. The proposal wants IBOs who do sign up others to provide a list of IBOs in the area as references. I feel this impinges upon my privacy and is not fair. Also, should someone want to sign up with me, it is not fair that I have to disclose my personal financial information to them in order for them to sign up. I agree with and applaud the proposal's goal of an open and standardized income disclosure before people are allowed to join and the reasonable cancellation policy. However, I feel that the 7 day waiting period and reasonable cancellation policy are redundant. There should not have to be a 7 day waiting period if there is a reasonable cancellation policy (even a 14 day grace period for example).