| Comment Number: | 522418-06858 |
| Received: | 7/7/2006 6:27:27 PM |
| Organization: | |
| Commenter: | Roy Laurens |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Hi Sir, I was approached by someone at work to come to a 'business opportunity' meeting. In there, they try to paint a bleak picture of the general economic well-being of the people and how their system is the solution. Overall the meeting is very vague and not much detail is given. They only show material success and lofty income claims without any proof. After wasting time to several more meetings, I finally found out that this is an MLM named Quixtar, which previously was Amway. I feel somewhat cheated, because had I known this from the beginning, I wouldn't have wasted so much time. I propose that FTC makes the following rules regarding business opportunity: 1. Mandatory requirement to disclose and display the name of the company and all its affiliation up front and prominently. 2. Demand that any income claim is IMMEDIATELY followed by the average income figures. 3. If product are included in the opportunity, then there should be an upfront disclosure to the price of these products and how much is expected to be bought. 4. Special attention should be given to the 'training materials'/'business support material' that is often sold at the same time. There should be upfront disclosure to the price of these products and how much is expected to be bought. 5. In general, a disclosure similar to the UFOC for franchisor is a good place to start. Thank you very much. Roy Laurens