|Received:||6/28/2006 11:47:03 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Sir; I am James Henderson from California and have been involved with Quixtar for nearly 13 years. I am commenting on the proposed rule changes that you are requiring for "business opportunities". Hopefully my perspective will encourage you to reconsider how you view not just our business but others as well. Legitimate business opportunities such as Quixtar unfortunately get wrapped up in others that are not. There are always "bad apples" out there but to suggest that we are all the same is like saying all cars are the same and they simply are not. The biggest challenge I have with most of your proposals is why pick on "business opportunities". Aren't all business merely that.... an opportunity. Their are no guarantees in any thing. I come from an agricultural background. Are you going to guarantee that it will rain so that I will be successful? Without risk there is no reward. The first rule for waiting 7 days, I assume is for a "change of heart or cooling of period". Here in CA they don't allow for a cooling off time when buying a car as some people change their mind. Will you change that law? Instead of proposing that why not make everyone give them their money back if they change their mind? The second change for listing references. If I work really hard to find and get a prospect and then you force me to let them look at someone else, who is to say they can't take all of my hard work? Would you do the same for an insurance agent? Is it not the responsibility of the prospect to do their homework? Third rule of litigation. Being in court doesn't prove guilt. Remember "Innocent until proven guilty". In a litigous society, everyone is "sue happy". Do you require doctors or contractors to list their lawsuits on them before surgery or building? Income disclosure. If I wanted to work for the FTC, would you tell me how much you made? The constitution protects our privacy, not expose it. If I were to become a real estate agent would you require brokers to disclose what the average money is made by agents? Bottom line: Keep a level playing field.