|Received:||7/6/2006 12:09:38 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Hello, there are a few things that don't sit well with me. I under stand your trying to protect the prospect and I think that is great. But some of the things you’re proposing seem like they would have little affect on protecting prospects, yet they would be detrimental to my business. The first and the most unbelievable is the Requirement to Provide References of 10 IBOs in the local area. They would be forced to give private information? The only people I want having my information are people I trust and know. That’s a violation of privacy! I definitely think this should be eliminated! The second, having to provide a litigation list. Is this going to be standard for every kind of business? Should resuraunts have a posting of lawsuits on them about food poisoning or even a upset employees lawsuit weather it was a true claim or not. How many supermarkets have multiple lawsuits about people "slipping" when they where the ones who put the piece of fruit they slipped on, on the ground. Lawsuits are not a way to judge a business because every one and their uncle are trying to win the lottery by filing lawsuits. Really what would that do for an upstanding organization? Here look at all the false lawsuits we have had! Maybe the FTC could set up a web sight where it has a list of organizations that are registered with the FTC and have any lawsuits that where found to be true. Third disclosure statements, Quixtar already has one that should be sufficient. It says what the average active IBO makes and what is considered active. Keep it simple and informative. I think that would be over the top for every IBO with different incomes and every mentorship group to have a different disclosure statement. Fourth, the proposal for IBOs to give personal financial information. All that the proposal would do is make the people who are just getting going; it would make them look like a fool while they are doing a presentation. Most of us don't come in to this style of business in a glorious financial situation! The seven day wait I think it should be the prospects responsibility to educate them selves on the business they are looking at. American citizens are becoming very irresponsible and I think we should educate our selves on what we do and how we make an income. I did when I was looking at the Quixtar business model and I was 20, not exactly old and wise at that age. If a organization like the FTC could set up a page that the prospect and the IBO can trust you would be doing the prospect a favor by not having them wandering aimlessly thru the piles of false info on the web. I would also help the organization. It would give us some confidence in saying "Yeah go check out what the FTC says about us" The only companies that wouldn't support that are companies that have some thing to hide. Just list the lawsuits that have been deemed as true though.