| Comment Number: | 522418-08527 |
| Received: | 7/12/2006 11:03:09 PM |
| Organization: | |
| Commenter: | Adam Keniger |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have concerns regarding the FTC proposed rule changes to the way I run my business. The following is a summary of my primary concerns: 1. There is no reason that a seven day waiting period is necessary for prosects to register. Adults presented with an opportunity in no other industry are required to have a mandatory wait before capitalising on that opportunity. It is uneccesary and will do nothing but further complicate business for prospects. 2. I object to the idea that ten other IBO references should be provided to prospects . This is all information that is irrelevant to the fact that prospects are entering their own business that is run independently of mine. I strongly disagree that it is in the best interests of the prospect, the business owner or the industry that this list of references be made necessary. 3. I strongly object to the idea of financial records being made available to prospects. Prospects are given clear and accurate information regarding the average IBO income and that should be sufficient. Again, my business runs indepentantly of any prospect's business. There is no benefit to the prospect to know how much or how little I make in my business. My situation is not their situation. It is far more beneficial to have average statistics as mandatory. 4. I strongly object to the idea that prospects are required to recieve a list of all legal allegations against Quixtar and all it's IBO's for the past decade. That is information that is available to prospects if they are interested to look it up. It is information in the public domain. It definietly should not be mandatory. Again, no other industry requires this before business ventures are begun. 5. I believe it is important to implement clear, simple and standardised income disclosures that apply to all direct sellers rather than specify disclosures and provide substantiation for every individual income claim . These are my primary concerns and I appreciate you taking the time to consider them. Sincerely, Adam Keniger