| Comment Number: | 522418-11735 |
| Received: | 7/17/2006 3:00:05 PM |
| Organization: | Xango |
| Commenter: | William Stencel |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I would like to point out why this rule should not go through. I have been with Xango for 1 year and I have seen amazing results with this product. It has helped family and friends with various problems such as arthritis, gout and GERD to name a few. I did not jump into this business right away. I did my research and found it to be a respectable company and product. I do understand why this rule is needed to weed out all of the direct sales companies that are out there to take peoples money but I think it is more important to educate the people than to discipline the companies that are actually doing some good for people. There are a few rules that I really have a problem with. Such as the seven day waiting period. Xango is a product that people want right away. With the waiting period it will cause unnecessary delays and make people disinterested along with the fact that Xango has a guaranteed 30 day money back refund. Even if you finish the whole product you can still get your money back so it has very little risk. The second one I really have a huge problem with is the References. Giving the names of the 10 closest people has to be some kind of privacy issue. There is no way I want my name given to someone I don't know. There is plenty of information out there for them to look up if they want more information or they can get it through there upline. I would like to know how the FTC is going to keep bad companies from reporting accurate earnings claims. IF a company is fraudulent they can very easily produce a second set of books. I completely understand the litigation reporting but I also think that you should specify that whether the case was won or lost. Just reporting the litigation could send a negative message without giving the case history and verdict. While I agree with what the FTC is trying to do I do not see anything in these proposed rules to stop fraudulent companies from continuing to do business. It seems like it is punishing the good companies rather than hurting the fraudulent companies. Please reconsider this proposal until it can be modified to hold the fraudulent companies more accountable. Sincerely, Bill Stencel