| Comment Number: | 522418-06121 |
| Received: | 7/5/2006 2:46:17 PM |
| Organization: | Independent Xango Distributor |
| Commenter: | Elyce Mouskondis |
| State: | UT |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Madam: I recently started my business with Xango,LLC as an independent distributor because I believe in the product and the Company it represents. The opportunities of having my own home base business will enable me to reach my goals as well as help so many people. I appreciate the FTC being the consumer watch dog for us all and to keep businesses from deceiving consumers. The concern I have is the new ruling you are considering Business Opportunity Rule would hurt the very people you are trying to protect. The 7 day waiting period would cast a negative light for future distributors, become a record keeping nightmare and add more expense to my buisiness. The litigation reporting does not distinguish between winning and losing lawsuits and again the reporting process would be a nightmare. The earning claims would be difficult in collecting required data and while legitimate and ethical businesses would report accurate information unethical companies would not. There are safety and privacy issues that are a grave concern as well as ID theft with more people having access to my personal information. Over all this ruling would cost more to those you are trying to protect as well as all consumers because there would be additional expense, a tremendous amount of record keeping and then how would this ruling be enforced? I would suggest you bring together good marketing companies to help you come up with a ruling that would not hurt them but punish those who are not legitimate businesses. Thank you for your consideration in this matter and listenting to a consumer who is very concerned about this ruling. Sincerely, Elyce Mouskondis