Comment Number: 522418-06825
Received: 7/7/2006 4:20:31 PM
Organization:
Commenter: Sterling Spiegelberg
State: AZ
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I appreciate your attempt to level the playing field for our business. In 1983 we had to take over care of a granddaughter while we still had other children at home. My wife was involved in an automobile accident that same year that was devistating to us. We started looking for another way to add to our income. In 1986 we registered as Amway Dist. It saved us money on the things that we bought from Amway. We were able to inform other people about the oportunity and they also got involved. In 1996 we had to start taking care of elderly parents to the tune of $5,000.00+ a month. With out our income from our Amway business we would not have been able to make it. We had to sell our home and all of our other assesets in order to stay afloat. I am now 68 years old and still telling people about what our business has done for us. We now have a business online with Quixtar which I am sure you know is a sister company of Amway. I have read your proposed rule changes and have been on Quixtar's site with the recomended solutions to those changes. I agree with their solutions to the proposed rule changes. I do not believe we need a waiting period. I do not know what 10 references would do for anyone looking at this business. I certainly would not give someone a reference that had anything bad to say about my business. I haven't a clue why you would ask any business to disclose any law suits that they have ever had. I do think there are some things that should remain private. When I show someone this oportunity I tell them what I make not what someone else makes. In some cases I might show them an actual check that I recieved. If you want a disclosure then use an average monthly gross income for an active IBO that can be furnished by Quixtar It should be left up to me whether or not I want to provide personal financial information to someone looking at this opportunity. Other than that I am excited about your guidelines for our business. Kindest Regards Sterling Spiegelberg