| Comment Number: | 522418-07218 |
| Received: | 7/9/2006 10:35:53 PM |
| Organization: | Quixtar |
| Commenter: | Linda Banker |
| State: | NE |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
This new rule you propose is needed to control companies who are not honest. The rule should create a level playing field for companies like mine. We need requirements for clear and simple disclosures of income that apply to all direct sales. Also a reasonable cancellation policy. But your requirements for a 7 day waiting period would be hurtful to my honest company. The best time to get started as an IBO is right after you understand how it works not 7 days later. Also to require references and 10 year disclosures and financial records is too much paper work for people to read and understand. Also it is against privacy laws. With a reasonable canellation policy, the people could get their money back. Linda Banker IBO Quixtar