| Comment Number: | 522418-07809 |
| Received: | 7/11/2006 7:27:00 PM |
| Organization: | Newcor Global, LLC |
| Commenter: | Linda R. Newmann |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom It May Concern: I firmly protest the outlined FTC Proposal as it would prove to be a detriment to the future growth of my business. My personal IBO business is 33 years old and is very large. Over the years we have been challenged by difficulty and obstacles and have overcome them, but this proposed "Trade Regulation Rule on Business Opportunities" smacks soundly of unfair trade tactics rather than creating a more level playing field. 1. The suggested seven day "wait" rule would literally kill the business opportunity right at the door, by proposing that a "cooling-off" period would be necessary. 2. Requiring every prospect with a list of references seven days before registration, is an envasion of privacy for other IBOs who possibly would not appreciate or enjoy a prying eye into their personal business by prospects they don't know whose intentions may be other than good. I know I would chose to refuse to comply. 3. Listing any and all Quixtar legal allegations covering a 10 year period is totaly unnecessary. People interested in "getting dirt" can do their own research if they so desire, but to offer a "file of legal dirty laundry" would be nothing short of negative and be counter-productive to the promotion of our Quixtar business which has proven to be a secure livelihood over the many years we have been in business. 4. Quixtar discloses in the SA-4400 the average income of an IBO. Any other income levels can be readily discovered with some simple investigation on www.quixtar.com. Further calculations should not be necessary by IBOs. But questions should be able to be answered within a reasonable period of time if the IBO doen't know at the time of registration of a new IBO. 5. IBOs should not be required to distribute substantiation for every income claim. This would violate the privacy of each IBO to have to disclose their personal income. IBOs with substantial income could become a target for malicious people targeting high income individuals. Overall, I believe this FTC Proposal is meant to penalize honest IBOs and hinder their sponsoring efforts as they endeavor to expand their business. I understand that the intent to educate consumers is a good idea, but not at the expense of halting the potential future growth of our already successful business and stiflng opportunity for people with goals and dreams by government controls and legalistic guidelines that are unrealisti and unfair. I vote soundly against this proposal and choose to voice my opinion as a "NO". Linda R. Newmann, IBO #8612