| Comment Number: | 522418-10512 |
| Received: | 7/16/2006 4:01:57 PM |
| Organization: | Frazier Enterprises |
| Commenter: | Sandra Frazier |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I'm concerned about some of the proposals being discussed for Business Opportuntiy Rule R511993. 1. The requirement to wait 7 days will delay people getting started right away. When I started my Quixtar business I would not have been happy to have my business delayed a week. I was ready to start right away as I was a single mother with a young child at the time, and wanted to start talking to prospects right away. People already have the opportunity to read the material before signing anything, taking a few days to review the material and take a second look at the opportunity. Also, with the money back guarantee Quixtar offered, there was nothing to lose. 2. The issue of providing a list of references will accomplish nothing, and if someone is wanting to take my references to start another prospect list, I will feel I have betrayed a trust to give out names to someone my friends and associates would not know. 3. As for the requirement to provide a list of all lawsuits, litigations, it's unrealistic. I wouldn't even know how many there are. What if I forget to list one, am I liable? I can see this going way overboard. The rules we have now are sufficient, in my opinion. When I was approached about the business opportunity, I was invited to hear a presentation about the opportunity, was given time to look over materials, do my own research, and make an educated decision on my own. Anyone who is going to operate dishonestly, is not going to obey more rules, anyway.