| Comment Number: | 522418-08440 |
| Received: | 7/12/2006 8:01:21 PM |
| Organization: | XanGo |
| Commenter: | Jerry Hines |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-08440.pdf Download Adobe Reader |
Comments:
I have been an independent Distributor for more than three years in XanGo™ after spending approximately 10 years as a trainer in the industry. Originally, I started my Network Marketing after retiring from IBM having spent 30 years in Marketing and Marketing Management. I recognized that this business model is the last opportunity an individual would have (without a major investment) to earn an extraordinary income and because of the quality of the products which are generally higher than those purchased elsewhere. As a result, I have developed an income stream double my retirement in just under three years – while it took me 30 years to earn my original retirement. I now depend on this extra income to supplement my budget. Please don’t destroy my small business we need it! In the attached letter I have noted some of my reasons to be concerned with the proposed rule and why I believe it will hurt legitimate business and not deter the bad guys from continuing to violate the law. The proposal will put an undue burden on the industry.