Comment Number: 522418-04441
Received: 6/26/2006 10:14:48 PM
Organization:
Commenter: Akinkuowo
State: DE
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I applaud the efforts of the FTC to stop fradullent schemes. As a business owner having rules that will discourage fradulent schemes that will deter prospects from pursuing valid opportunities is greatly appreciated and a most welcome propsal. I would ask the FTC to consider how some of the proposed rules might negatively affect valid opportunities and business owners. 1) Prohibiting prospects from registering as IBOs until seven days after they receive a disclosure document negatively affects momentum building. New business owners see the most success when momentum and comradery is high. The delay in allowing prospects register will destroy our efforts to build momentum and could destroy our businesses. 2)The requirement for a list of references is of 10 business owners in the area might discourage new prospects by creating the illusion that they do not have an equal oppurtunity to suceed due to the presence of other IBO's in their area. A standardized income statement that has been validated by the FTC will do better to highlight the oppurtunity available to the prospect. 3) The need for a list of allegations can be easily overcome by ensuring that all business oppurtunites provide reasonable cancellation policies. Thank you for your time in considering our opinion. Sincerely, Ms. Akinkuowo