|Received:||7/3/2006 4:57:40 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am a new IBO trying to build a ligitimate business with the Quixtar Web site and TEAM. This ruleing as it stands would hinder my ability to build my business to a point that would make my future and past efforts fruitless. I understand the need to fight fradualnt businesses and applaud the FTC for their efforts. Please make every effort not to harm legitimate business oppertunitys. I beleve that the rule Should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. I also beleve that the rule should provide a reasonable cancellation policy. This rule should not require a 7 day waiting period before a prospect could register. Should not require IBO refrenced to be provided to prospects or disclosure fo past litigation. Should not require financial records to be disclosed to prospects.