| Comment Number: | 522418-07133 |
| Received: | 7/9/2006 3:41:21 PM |
| Organization: | XanGo |
| Commenter: | Anne Harman |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
RE: Business Opportunity Rule, R511993 Dear Sir or Madam: I am writing this letter because I am very concerned about the proposed Business Opportunity Rule R511993. I believe that in its presented form, it could prevent me from continuing as a Distributor with XanGo™, and destroy my small business. I have been an independent home based business distributor for 25 years and have been involved with several Network Marketing Companies. Originally, I started my Network Marketing business because of the products. I loved them. I wanted to share them with others and also wanted the opportunity to earn some additional money. Now, as I approach retirement, I am hoping to be able to build a residual income for the future. If the Business Opportunity Rule, R511993 is accepted, I feel that it will make it very difficult for me to do this for the following reasons: Some of the sections in the proposed rule would make it virtually impossible for me to sell my product. The waiting period will give the public the idea that there’s something wrong with me or our plan and also reflects badly on me. I also think this seven-day waiting period is totally unnecessary, because XanGo™ already has a 100% buyback policy for it’s one single product One of the most difficult sections of the proposed rule is the seven day waiting period to enroll a new Distributor. XanGo’s sales kit only costs $35. People buy TVs, cars, and other items that cost much more than that and they don’t have to wait seven-days. Under this waiting period requirement, I will need to keep very detailed records when I first speak to someone about my business and will then have to send in reports to my company. I am a small home business and this burden will hurt and could destroy my business. I feel that this proposed rule is actually anti-small business, discouraging people to set up their own small business and help others to do the same thing. I feel it will take away my freedom. Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. I am glad to provide references, but in this day of identity theft, I am very uncomfortable giving out the personal information of individuals (without their approval) to strangers. Women in my organization may be subject to sexual or racial harassment so this part can’t go in at all, unless the FTC passes an addition to this rule prohibiting sexual or racial attacks related to this disclosure. In the end the rule must bind the FTC to take direct enforcement action on sexual and racial attacks with a special unit assigned to monitor actions related to the disclosure forms. I have seen many scams on the Internet and been approached by many crooks because I have my own business. This rule will do nothing to stop them. It will actually hurt my business! This rule will not stop Crooks – they violate the current rules all the time. I am a good American citizen strongly believing in the freedom and opportunity that is my right - and this will hurt me personally and prevent my dreams from coming true. Please do not support this action. Thank you in advance for your favorable consideration of this request. Sincerely, Anne Harman. Independent XanGo™ Distributor