| Comment Number: | 522418-10456 |
| Received: | 7/16/2006 2:28:02 PM |
| Organization: | |
| Commenter: | Messier |
| State: | WI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
June 16, 2006, 1:00PM CST Federal Trade Commission/Office of the Secretary Room H-135 (Annex W) 600 Pennsylvania Avenue, NW Washington DC 20580 The original FTC proposal contains several requirements that would impose crippling burdens on IBOs (Independent Business Owners) like myself. I believe these provisions must be changed in any final rule. I have been an IBO for 6+ years. In that time I have been a casual buyer but my next goal is to become Platinum. I am 70 years old and Social Security and my Retirement Pension do not meet the increasing daily survival costs, i.e. drugs, gas prices, food price increases, etc. This business offers me the opportunity to create extra income to meet these demands. Quixtar also keeps me active, involved and in a positive environment. This business was presented to me in a professional manner and the goal by my up line was see that I was trained properly so I could meet my financial needs. I extend the same to my prospects, telling them in order to achieve your dreams and goals, you need to work hard. It is not easy and not a get rich quick scheme. Following are the issues in this proposal I would like changed: 1- The seven day waiting period. Eliminate it, at least for opportunities like Quixtar where a prospect can get his money back if not satisfied. 2- Eliminate the requirement to provide 10 references. This would create a problem with registration of IBOs as they may decide to register under one of my references, thereby creating me a loss for me in both time and money. My potential IBOs meet with our regular group and are able to better understand what the business is all about through discussions. 3- Eliminate the requirement to disclose past litigation. This opens a whole can of worms that doesn’t need to be opened. 4- If disclosures are needed, require a simple, standard, easily understood disclosure such as “average monthly gross income for “active” IBOs. 5- IBOs should possess substantiation for any claim but should not be required to disclose it except when required by the FTC and similar state agencies in an agency investigation. I never disclose my income to a potential IBO. Just like corporations, one is never allowed to talk about there income level, and I know the same if for the federal organizations also. This is for me and only me to know. That is part of living in America, the Land of the Free and the Home of the Brave. Respectfully, Mrs. Messier