| Comment Number: | 522418-11001 |
| Received: | 7/17/2006 12:52:45 AM |
| Organization: | |
| Commenter: | Edward Hoffarth |
| State: | AZ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To: FTC concerning Business Opportinity Rule R511993. I am responding to express my opposition to this piece of legislation. I am a retired person and opted for a home bases business within the parameters of The Direct Selling industry.I was introduced to Xango, a nutritional food supplement approx 2 years ago. After doing due diligence and using the product I decided to to use Xango (TM) LLC as my home based business. Several components of this proposed legislation appear to stifle business, as these requirements are not necessary to enter other types of enterprises. The start up cost is a manageable $35.00. No other business can be started for such a small amount. This small outlay permits me to use other monies to expand my business. Imposing a 7 day waiting period or any waiting period does not serve the best interest of potential customers especially when we have a 100% money back guarantee within 30 days of purchase, no questions asked.Regarding disclosure of a minimum of 10 prior purchases to a prospective purchaser borders on improper personal info disclosure. I am also a licensed insurance agent and I would be in direct violation of HIPPA regulations. I see a similar problem in divulging a clients personal info to be used by who knows who.Anonymous references are one thing, but personal info is an invasion of privacy. Talk about the mushrooming of Identity Theft, this is an open door invitation to perpetuate the crime. To put these and other restrictions into play is a direct roadblock to the Free Enterprise System. If a person or entity is in violation of business laws currently on the books, then prosecution should take place. I do not believe we need new laws or restrictions when there are an abundance of laws currently on the books Thank you for your time and consideration and let the free enterprise work. It will.