Comment Number: 522418-12146
Received: 7/17/2006 6:41:00 PM
Organization: Strang Marketing Group, International
Commenter: Garrett Strang
State: NY
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

As an Independant Business Owner affiliated with Quixtar, I applaud the FTC's efforts to protect the public from fraudulent business opportunities however I also believe some of the proposed rulings will be detrimental to a ligimitate business such as mine. Specifically; A waiting period after receipt of disclosure documents would be a hardship and time consuming to both the sponsor and the prospect looking to launch his/her business immediately. A "satisfaction money back" policy would be more practical. Providing a list of references with specific contact information would not only be a daunting chore, but would violate the privacy of those individuals used as references. This ruling should be deleted. Providing a list of past litigations would also be a burdensom task not to mention inaffectual since unfortunately we live in a world of false accusations and frivolous law suits. This also begs the question will a disreputable business provide this information accurately, if at all? This ruling should also be deleted. Providing seperate disclosures for every income claim is redundant and unnecessary. A simple, generalized standard of "average income" should suffice. Providing a personal financial statement to every prospect regarding personal income claims is in my opinion "over kill" as well as an invasion of privacy. I cant recall an instance where an employer was required to supply such information to a prospective employee when discussing immediate and potential income. If a goverening agency required such documentation during the course of an investigation than I would agree such documentation should be made available to said agency. Thank you for the opportunity to submit my thoughts on this matter. Respectfully, Garrett A. Strang