| Comment Number: | 522418-07832 |
| Received: | 7/11/2006 8:33:57 PM |
| Organization: | Quixtar - IBO |
| Commenter: | Elena Perkins |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have grown up around this business, and while graduate school has prohibited me from taking full advantage of it, the business has given me many opportunities and helped me through some difficult times. While I applaud the FTC for attempting to create a new law to restrict the movements of illeagle businesses, I am concerned about the effects of the proposal in it's current form would have on me. Requireing me to provide a list of references, all lawsuits, etc, and make specific income disclosures is extreme. Also, not allowing new prospects to registure for seven days after they have heard the details is excessive. I do agree that standardized income disclosures and acceptable cancellations policies is important, but the amount of the restrictions being proposed would hinder my business more than they would ever help. Creating uniform disclosures would help to regulate businesses, without hurting legitimate businesses such as Quixtar. These standard disclosures would ensure that all prospects received factual information, and would make a seven day waiting period to sign up unnecessary.