| Comment Number: | 522418-07322 |
| Received: | 7/10/2006 1:39:21 PM |
| Organization: | PC James and Assoc. /a Quixtar Business Owner |
| Commenter: | Cherie James |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
It is important, and I support all moves by the FTC to regulate those who would use our industry to take advantage of others as opposed to offering a real opportunity. That being said, please take into account that some of your proposals would hinder the ability for those of us who do business legitimately. That is, it would prevent us from offering a business ownership opportunity which is what makes our country great. I am against the idea of a seven day waiting period as often you meet people when you travel or in circumstances you may not repeat and it is best to be able to get people started when you meet with them. A reasonable cancellation period covers this concern adequately. I also disagree with the idea of offering 10 business referrals. This will only hurt the newest person who does not yet have 10 to offer and it will not inhibit someone who is illegitimate since he will just get 10 of his conspirators to co operate. Same thing with financial records since the newest person will have none to offer and the crooks will fake up all sorts of things. These proposals will inhibit those of us who do business honestly and make pyramid type organizations even more so with less ability for the newest person to succeed. Perhaps we could compel companies to post a link to the BBB where individuals could see a rating for the company as we do at Quixtar.