|Received:||7/3/2006 1:29:31 PM|
|Organization:||F & F Enterprises|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:The Quixtar network marketing business is the future of my family. I have been associated with this business for several years and have found it to be a very ethical and professional business. I'm sure the intent of the proposed rule is to protect consumers from unethical and illegal business opportunities, and not to do harm to legitimate businesses. However, in my opinion, there are several parts of the proposed rule that would severely damage my business, but would provide no benefits to my prospects. These requirements are harmful and should not be included in the rule: 1. A 7 day waiting period should not be required. 2. Existing business owner references should not be required. 3. List of legal allegations should not be required. 4. Disclosure of financial records to prospects should not be required. Requiring a reasonable cancellation period would make sense. Monitoring income claims for reasonableness would also make sense. ( I think the income claims we use as Quixtar IBOs are already monitored by the FTC.) Surely there must be a way to discourage shady and bogus businesses without crippling legitimate, ethical and successful businesses.