| Comment Number: | 522418-06956 |
| Received: | 7/8/2006 8:47:15 AM |
| Organization: | Xango |
| Commenter: | Patti Evans |
| State: | IA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sirs and Madams, I appreciate your mssion to protect people in our country from fraudulent businesses that take advantage of people. I know that this is very important. However, I have some concerns regarding your proposed Business Opportunity Rule which I believe will have a serious and detrimental impact on my home-based business, and that of thousands of others in their own businesses across the country. I am very concerned about your 7 day waiting period. This will make it difficult for me to share my business with people when I am out traveling who are ready to get started in their business right away. We require only $35 to start up with our company. The investment is so minimal. It also will hurt us by creating an air of suspicion when we have to mention the FTC waiting period. Requiring a list of references will also be burdensome in that when I make calls to my prospective purchasers, I often do not know the area where they live. Especially when cell phone numbers now don't always match the area where a person lives. This may require an even longer waiting period for me to get all the references. I am also very concerned about the safety issues of my personal information being given out to people that no one knows very well yet. Also, I think that it is not right to require that distributors disclose all legal violations, regardless of the outcome. The proposed requirement does not seem to provide for the disclosure of the outcome of the litigation. Please reconsider the proposed FTC Business Opportunity Rule. I believe it will very much hurt legitimate, honest business people trying to make a living for their families, like me. Thank you for your consideration!!! Sincerely, Patti Evans