|Received:||7/5/2006 8:21:04 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I appreciate the FTC's efforts to regulate the get-rich-quick schemes I see advertised regularly. However, I am concerned that some of the changes would affect my privacy. I am a member of Quixtar, an IBO, and I consume personally without selling to others or trying to have others join. The proposal wants IBOs who do sign up others to provide a list of IBOs in the area as references. I feel this impinges upon my privacy and is not fair. Also, should someone want to sign up with me, it is not fair that I have to disclose my personal financial information to them in order for them to sign up. I agree with and applaud the proposal's goal of an open and standardized income disclosure before people are allowed to join and the reasonable cancellation policy. However, I feel that the 7 day waiting period and reasonable cancellation policy are redundant. There should not have to be a 7 day waiting period if there is a reasonable cancellation policy (even a 14 day grace period for example).