| Comment Number: | 522418-06896 |
| Received: | 7/7/2006 9:32:19 PM |
| Organization: | |
| Commenter: | Joan Lantz |
| State: | WI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am against Prohibiting prospects from registering as IBOs until seven days after they receive a disclosure document. • Requiring IBOs to give every prospect a list of “references” – contact information for 10 other IBOs in the area – seven days before the prospect registers. • Listing all legal allegations – lawsuits, arbitrations, and other legal claims – against Quixtar and its IBOs from the past 10 years. • Requiring IBOs to calculate and make different disclosures for every income claim. • Requiring that every prospect receive “substantiation” for every income claim. Therefore I ask that you not adopt this proposition, I recommend you adopt the following. I recognize that : Quixtar and the IBOAI support reasonable business disclosures that are fair and help consumers make wise choices. In our view, here is what the rule should and should not do. The rule… • Should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. • Should provide a reasonable cancellation policy. • Should not require a seven-day waiting period before a prospect could register. • Should not require IBO references be provided to prospects or disclosure of past litigation. • Should not require financial records to be disclosed to prospects. Thank you for your support of my business.