| Comment Number: | 522418-07879 |
| Received: | 7/11/2006 10:23:33 PM |
| Organization: | Unicom Networks |
| Commenter: | Wilfred Burkle |
| State: | MA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
We have been affiliated as independent business owners with Amway/Quixtar for more than 25 years. We have always been treated fairly and honestly by the business, and have found the Code of Ethics connected with this multi-level marketing Business Plan to be very strong and effectively enforced. We feel that portions of the FTC proposal concerning business opportunities would be detrimental to the performance of our business. For example: 1. The 7-day waiting period is unnecessary, since most states have a 3-day period where a person can change his mind. In addition, Quixtar has a return guarantee. Walmart doesn't have to wait 7 days before they can sell something to a customer, nor does a car salesman or real estate broker. 2. List of references. This would violate our Code of Ethics and the right to privacy of personal information. Prospects have the opportunity to meet other people in the Business at group meetings. And we certainly wouldn't want to send them to our competition before they register! 3. Personal financial documents. No privately held company should have to disclose this information to anyone except the IRS. Besides, the income of one person's business has no direct bearing on a prospective business owner's potential income. 4. Disclosures. We always give examples to illustrate how the business plan works, but we do not guarantee one red cent. 5. Lawsuits, etc. We don't pass on gossip. It's readily available on the internet! Please do not make it difficult for legitimate multi-level businesses to operate in the American economy. This type of business may be the only chance someone has to participate in free enterprise. Sincerely yours, Wilfred Burkle