|Received:||7/7/2006 7:41:38 PM|
|Organization:||The TEAM in conjunction w/ Quixtar|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I agree that we need to combat fraud, scams, schemes and unfair practices that are deceitful. Many have suffered and continue to suffer (particularly older people are taken advantage of) due to such acts. However, the TEAM along w/ Quixtar is the most honest, fair, and integrity-based business that is available to the average person and the number of successful business owners The TEAM has produced is unsurpassed. It is supported by the Better Business Bureau. It has a system that promotes traits such as teamwork, honesty, character, and integrity, and teaches us to be better leaders and people in general. It teaches us to make a difference in others lives as well as our own. It is bringing back the family unit to neighborhoods and communities. It is going to have a phenomenal impact on this country. It is not fair to 'punish' every business opportunity because of the existence of negative ones. Negative exists in all aspects of life. Something/someone will always come along and ruin a good thing. The TEAM provides sufficient information to prospects and is up front about all aspects of the business and makes it clear exactly what is needed to be successful. It has founders and leaders who are becoming world reknown. It provides an awesome business opportunity to the common, average person, for a very small start up cost and can almost guarantee success if the person follows the established system that is proven to work. It puts hope back into peoples lives. Not many business opportunities can proclaim these things like the TEAM can. I support that the rule should create a level playing field by requiring clear, simple and standardized income disclosures that apply to all direct sellers and should provide a reasonable cancellation policy. I do not think it should require a 7 day waiting period before a prospect could register, require IBO references be provided to prospects or disclosures of past litigation, or require financial records to be disclosed to prospects. We still need to have some confidentiality. I feel that there are aspects of this proposed rule that would do more harm to independent business owners than good. I agree that bogus business(es)/opportunities need to be dealt with, but I don't think a 'blanket' rule is the fair way to accomplish this task.