| Comment Number: | 522418-05767 |
| Received: | 7/3/2006 1:42:32 PM |
| Organization: | |
| Commenter: | Sharon Krause |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been doing business as an independent business owner with Quixtar since it's inception. I can't think of a more fair and caring business opportunity with which to be associated. I've been associated with about three other home based type businesses. The FTC's rule to prohibit prospects from registering until seven days after they receive a disclosure document would severely cripple our business. As an alternative, requiring clear, simple and standardized income disclosures that apply to all direct sellers and allowing for a reasonable cancellation policy would be a better solution. Also, requiring business owners to give every prospect a list of 'references' would be as though I would hand over my prospect list to someone else. What would prevent the 'reference' from registering my prospect? Requiring that every prospect receive substantiation for every income claim would, in my opinion, be an infringement on privacy. I didn't discuss my financial records with other individuals, other than my accountant, when I was an employee. I certainly wouldn't want to be required to do so with just anyone as a business owner. I can certainly understand the FTC's desire to ensure every prospect considering a business opportunity has all the information he or she needs to make an educated decision. My mentors and I have always been committed to providing fellow business owners and prospects with complete and accurate information. I wholeheartedly support the FTC in targeting fraudulent work-at-home or get rich quick schemes. It appears that some of its proposals in order to accomplish this need to be re-looked. Thank you for being able to voice my opinion. Sharon Krause Independent Business Owner