|Received:||7/13/2006 10:21:25 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I a Quixtar IBO with 8 years of experience in the Direct Selling domain and over 20 year of engineering and Program Management. I applaude the FTC's desire to help protect legitimate businesses like mine. However, I'm greatly concerned about 3 proposed elements of this draft rule. First, I think a 7-day waiting period is inconsistant with other business transactions. I'd rather see a rule which guarenteed 100% refund of registration fees if canceled within 3 business days in writing. Second, obtaining 10 references in rural areas of my operation is prohibitive, I think 3 references is sufficient and an opt-out option for the individual considering the opportunity. Lastly, I'm don't think disclosure of legal alligations is appropriate, first many of these alligations take years and are often disputes that are settled and have little impact on the majority of business operators. Also, these claims are many time discredited and are dismissed. I'm a professional who can perform my own due diligence when preparing to pursue a business venture, so are the candidates with whom I share this opportunity.