|Received:||7/11/2006 6:25:19 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I would like to state I have been involved with Amway / Quixtar since 1982. My involvement has mostly been as a wholesale customer. I believe the rule the FTC are looking at are not needed. First I understand these rules are not just targeted at Quixtar but other companies as well. The seven day waiting period rule, I ask why? In Quixtar you get your money back if you don't like the product(s) or the business opportunity. By having this rule it could hamper my ability of making a sale or buying a product wholesale I may want to purchase right away. The requirement to provide references; this requirement violates a persons privacy. Some IBO's only want to buy products while others want to build a group. The IBO that want only to buy products should not be burden by this rule. The IBO that is building a group in most cases introduce those who are in his or her group anyway so why have such a silly rule? Litigation list; my question is. will the FTC have Wal-Mart, K-Mart, Sears and all others that are in business have to post all litigations through out their stores or on products they may produce? Earning disclosures; I don't know about other companies but Quixtar shows and monthly average gross income on SA-4400 form. I think the disclosure would only be needed if an IBO was selling his or her business outright. The requirement of financial substantiation; this rule would not have any bearing on the success one may or may not have in his or her business.