| Comment Number: | 522418-09356 |
| Received: | 7/14/2006 12:38:13 PM |
| Organization: | |
| Commenter: | John Kraus |
| State: | PA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
"Business Opportunity Rule, R511993" I am writing to express 'my concern' on what I see as a blanket rule on all 'business opportunities'. As an IBO with Quixtar, Amway when I became involved. I was given all the information I needed to make an informed descision. It is not needed nor should it be made mandatory, that there be a seven day waiting period, a gun is not being purchased. I was given a 30 day money back guarantee on initial purchases I made, and I provide the same for any person who would want to become an IBO with me. Telling a person they have to wait seven days to share this with another person or bring someone else into the business with them is an absurdity. There is no seven day waiting period to purchase a car, boat or RV, significantly more costly items. But for some reason it seems that the Government, the FTC, needs to protect us, so they feel. Fees for sign-up are nominal compared to some of the other 'Business Opportunities' out there currently. I am also happy to provide references of people involved, but to make this mandatory. It is not enforceable, and as with real estate, you create a procuring cause situation, that need not be. Also providing phone numbers creates another problem if people are registered on the 'Do Not Call List' . But lets not go there! Have people who have been involved with Quixtar been involved in litigation? I am sure they have, but when I call my elected representatives office and ask a question where do they go ? The internet to research, just as anyone who wants to research a 'Business opportunity' can do as well. My specific earnings are my business, no pun intended, I provide the average monthly income disclosure as required. This is enough documentation, and if anything this should be required of all 'Business Opportunities' In closing I see this proposed rule as a huge band aid that is being used as a one rule fits all solution. What needs to be done is that all 'Business Opportunities' should be researched as Quixtar, Amway was an analyzed individually on a case by case basis.