|Received:||7/6/2006 8:07:58 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I retired from teaching a year ago and I began my Xango business about that time. I have been very happy with the company and have found them to be first rate and they have gone out of their way to be helpful and ethical. I need the extra money to supplement my retirement and Business Opportunity Rule R51193 could really put this in jeopardy. The waiting period would make it almost impossible to sell my Xango. People buy cars TV's etc. that cost much more than a $35 Xango distributorship and they are not required to wait 7 days. The list of nearest references would be extremely burdensome and could be dangerous. It raises privacy concerns and could lead to identity theft. It could be used by companies with ulterior motives and hurt legitamate business. Other aspects of the rule such as the earnings claim and the litigation rule would also add great burdens to legitimate business while allowing fraudulent companies to continue to deceive. I appreciate the fact that you are concerned with scams. They hurt my business also. However this rule will do nothing to stop them. They vilolate current rules all the time. I am a good American citizen and rule will hurt me. Thank you and please help me.