|Received:||7/12/2006 9:59:49 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:While it is important to sift the good opportunites from the bad, Your propased rules go too far. I have been a Quixtar independant business owner for many years.(since the 1980's) I now earn less than the average as shown on the current disclosure sheet. but I have done much better with the opportunity in the past. A standard disclosure such as the one used by Quixtar should be sufficient. The only change I would like to see, in the standard disclosure form, is the addition of medians as well as averages. A reasonable cancelation policy is a good requirement. The seven day waiting idea would be bad for even the best opportunity as it could only stifle momentum which is very important in any business There would be too much waiting. The idea of providing references of others in the business would create real problems: Before someone is signed in your group, how could you keep them from going into another group? Also There are enough successful people to use as references that all could use the same ones This would lead to more deceptive practices. Finacial disclosure is a bad idea, personal data is hard enough to keep personal. This would open distributors to identity theft. In todays legal climate where lawsuits are easy to bring, It would be very difficult to keep up with all lawsuits. And many of those lawsuits would prove to be without basis. Please eliminate this requirement. While making sure that only legitimate businesses continue to operate, please do not make it a burden for us to grow.