|Received:||7/16/2006 10:30:14 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My greatest concern is that, as is the case with many government regulations, the "good" companies that follow common sense, moral codes and the existing laws will be punished, while the "scammers" will continue to operate with no regard for laws passed, regulations put in place or common decency. In particular, our situation would be made more difficult if the proposed 7 day waiting period were introduced. I have had many business associates who have, themselves, generated profitable sales volume or registered/ sponsored other business members in their first 7 days. If this rule had been in place, it is logical to assume that some, if not all, of these opportunities would have been missed. In addition, we (Quixtar business owners) do offer a money back guarantee that protects people who make an irrational decision (although our initial investment is minimal). Also, I am concerned about the proposal for submitting a litigation list to a prospective business partner. This would lend credibility to the most frivilous of lawsuits that every large company experiences, as well as giving the impression that we can all be judged by the "lowest common denominator"- the occasional bad apple that all organizations of our size encounter. I do feel that the financial/ earnings disclosures should be regulated; however, our organization already has an effective model in place for that. We use figures that have been approved by our legal department (and are inline with FTC guidelines) and we disclose the "average monthly gross income for active business owners" in our literature. I thank you for the opportunity to share my thoughts with you. I am delighted that your organization has the foresight to solicit input from those that may be most affected by rule changes.