| Comment Number: | 522418-08671 |
| Received: | 7/13/2006 9:43:39 AM |
| Organization: | Independent Distributor for Xango, LLC |
| Commenter: | Nathan "Duane" Arnold |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
July 13, 2006 TO WHOM IT MAY CONCERN: Re: "Business Opportunity Rule, R511993" I appreciate the FTC's consumer protection priorities, but I am concerned about how this will affect legitimate companies like Xango. I realize there are fraudulent business opportunities, but this particular rule would impact legitimate home-based business opportunities. I am a minister of 41 years, and the direct-sales business model plan has assisted me in supplementing my income off and on through the years. I have seen many individuals receive personal growth through their involvement in home-based businesses. They become more positive individuals, having now a sense of hope in improving their financial security. The 7-day waiting period would hinder the immediate opportunity for individuals to get started in their new business, because most individuals, before getting started in a home-based business, would have thoroughly examined the opportunity before making their decision. Once they have made their decision, this would delay them further. Too many restrictions on legitimate home-based businesses, could discourage and hinder by throwing a negative light on a legitimate business. Please consider adopting another plan of action that will only affect truly fradulent direct-selling opportunities. Thank you for your consideration in not adopting this ruling as it presently reads. Sincerely, Dr. N. Duane Arnold Independent Xango Distributor