| Comment Number: | 522418-06461 |
| Received: | 7/6/2006 12:23:12 PM |
| Organization: | |
| Commenter: | LEW KING |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I've been an IBO, with Quixtar as my Supplier, since Sept '99. your proposed rule has some negative aspects that will affect my business, as follows: 1) A seven day waiting period before a person can register: This could cost me significant unnecessary expenses particularily when working with a distant couple hundreds of miles always. 2) References to prospects or disclosure of past litigation: My prospects experience my Integrity, Honesty, and accountability first hand. The Integrity of our Supplier, Quixtar, is unmatched thru the DeVos and VanAndel families. 3) Disclosure of financial records is absurd. As an Independent Business Owner they can choose to join me or not, with minimal financial requirements. A simole, reasonable, cancellation policy will suffice, which we already have in place. Thank you for your willingness to understand and accept my comments.