| Comment Number: | 522418-03144 |
| Received: | 6/17/2006 4:52:14 PM |
| Organization: | |
| Commenter: | Donald Ray Foote |
| State: | LA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am very concerned about the proposed Business Opportunity Rule R511993. I believe that as is proposed, it will kill my chances of continuing as a distributor with Xango. I realise that you are thinking about my well being, yet some of the sections of the proposed rule will make it hard if not impossible to continue to sell Xango products. I have searched many years for the opportunity to work with such a company as Xango, and felt that this product and Company are perfect for me to get behind and work toward a stable retirement income. My future is very much riding on my success in this direct selling industry. One of the most confusing and potentially damaging sections of the proposed rule is the seven day waiting period to enroll new distributors. Xango's guarantee is already great enough to make this rule unnecessary, and a seven day waiting period will only give the impression that there might be something wrong with the company or compensation plan. Under this waiting period rule, I will need to keep such detailed records when I first speak to someone, and send in so many reports to Xango headquarters, that it will be very burdensome for all involved. I am glad for the work of the FTC to protect consumers, but I believe this new rule will have very damaging consequences, and other alternatives need to be looked at for achieving your goals. Thank you for your time in looking at these comments Respectfully Donald R. Foote