| Comment Number: | 522418-07542 |
| Received: | 7/11/2006 3:41:08 AM |
| Organization: | Charlie and Asssociates |
| Commenter: | Charles W. Hopper |
| State: | LA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Re: Federal Trade Commission's "Trade Regulation Rule on Business Opportunities". Dear Sir: I have serious concerns about the proposed rules on business opportunities. First I would relate to you that when my sponser first explained this unique business plan to me I was given ample information to make a sound decision as to the character and soundness of Quixtar.com. Proposed 72 hour waiting period. This rule would place burdens on my time invested in a prospect that would be difficult to manage and limit my growth ability. All persons that join my business can get their money back should they change their mind. Proposed giving every prospect a list of reference names. This rule infringes on the privacy of people already in business and working to build that business. It would be a full time job finding ten people in every area that I may prospect for opportunity seekers and get permission to give out personal information. Given that I may be in a area where I have no other downline, I would be forced to give prospects names of contacts that would be happy to register the prospect themselves. Proposal to give every prospect a list of all lawsuits, etc, for the past 10 years. This business has existed for well over 60 years as Amway and since 1999 as Quixtar and is worldwide. How would a small business owner in Louisiana like me ever know this information. I would have to have a full time legal research team which at my level of income is not possible. This rule would put me out of business. Proposed rule requiring a different disclosure for every income claim. A FTC rule already exists requiring disclosure of average income of all active IBOs. This is easy to understand and is stated in the "New IBO" information packet provided to all who join the business. Keep this rule, it is fair. Proposal requiring me to disclose my personal income documents. My only document would be my IRS Income Tax Form. I should not have to give out that information excect when required by the FTC and similar federal and state agencies in a agency investigation. My right to privacy is important to me. I never claim personal income level to a prospect even if asked. All examples of income is plainly stated that the prospect has to work to achieve the level of income they set for themselves based their own desires. I support your efforts to keep business practices ethical and I thank you for the opportunity to respond to your proposed rules. Honesty in business practices should be every citizens concern. Respectfully submitted, Charlie Hopper