|Received:||7/12/2006 8:01:21 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
|Attachment:||522418-08440.pdf Download Adobe Reader|
Comments:I have been an independent Distributor for more than three years in XanGo™ after spending approximately 10 years as a trainer in the industry. Originally, I started my Network Marketing after retiring from IBM having spent 30 years in Marketing and Marketing Management. I recognized that this business model is the last opportunity an individual would have (without a major investment) to earn an extraordinary income and because of the quality of the products which are generally higher than those purchased elsewhere. As a result, I have developed an income stream double my retirement in just under three years – while it took me 30 years to earn my original retirement. I now depend on this extra income to supplement my budget. Please don’t destroy my small business we need it! In the attached letter I have noted some of my reasons to be concerned with the proposed rule and why I believe it will hurt legitimate business and not deter the bad guys from continuing to violate the law. The proposal will put an undue burden on the industry.