| Comment Number: | 522418-02558 |
| Received: | 6/16/2006 9:30:01 AM |
| Organization: | Xango |
| Commenter: | Keith Tappan |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
The proposed change to the law for my direct sales business will be devastating because: 1) The seven day waiting/disclosure time frame puts a negative light on the business if we have to tell people that according to FTC rules, we have to disclose these things and have you wait seven days before you purchase... 2) It is very impractical to: a) Keep records on lititgation, and have to share this info with prospective buyers of my product. b) Have to give references and find 10 of the nearest existing sales people. c) Have to provide earnings data. d) Eliminate the $500 Business threshold and force us to comply with the same rules as business requiring much greater investment than a normal direct selling kit. With identity theft being such a large problem, having to disclose other peoples names and addresses is just not a good idea. While I appreciate the FTC wanting to protect the public from scams, the entire idea of the proposed legislation is putting legitimate companies like Xango in grave danger and will put a halt to their success, and my success. I have been in the direct selling business for almost 6 months, and have such an improved attitude towards life, and feel that this product has improved my family's health, and the business model will improve my family's finances. Please do not pass any laws that would require direct selling distributors to: provide disclosures, and force people to wait seven days before purchasing; eliminate the $500 Business Threshold; Provide reports on litigation; provide earnings data; and provide references.