| Comment Number: | 522418-05586 |
| Received: | 7/2/2006 10:37:16 AM |
| Organization: | Xango |
| Commenter: | Linda Ivey |
| State: | MS |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been and independent distributor of Xango for 10 months. I was presented with the information about this company and was impressed with the way it is helping people personally and financially. It is helping me gain confidence in myself and the people that I am under have went above the call of duty to help me. I have a great respect for the FTC proposing protection for the marketing business. My opinion is that this may not be the best solution for the problem. This rule is trying to target the fraudulent groups but I feel that it will unfairly target legitimate direct selling businesses. The 7 day waiting is unfair because it will make us wait too long to sign people up with the company and will cast a negative light on the industry. The $500 dollar entry fee will stop a lot of innocent people from getting a legitimate business that will help them personally and financially. The reporting of all the litigation's are unfair because it will not distinguish between winning and loosing of the lawsuits nor the purpose of them. Reporting of earnings will have safety and privacy issues. The legitimate businesses will report accurately while the fraudulent business will provide false reports. This could also lead to the corporation liability of ID theft. We are having problems with that already in America so why do we want to add to the problem. Thanks again to the FTC for trying to protect our businesses. Please reconsider your proposal and look at other options. Sincerely Linda Ivey