| Comment Number: | 522418-08667 |
| Received: | 7/13/2006 9:36:03 AM |
| Organization: | Globalnet/Quixtar |
| Commenter: | Katherine Fetzer |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
As an Independant Business Owner with Globalnet through the Internet Portal, Quixtar, I personally appreciate the rules the FTC has set in place to weed out bogus and "illegal pyramid" type business practices. Being an IBO has given me a vision of a brighter future for myself and my family. The economy is tough and getting tougher and I personally see very few options. I am grateful that I was given the opportunity to start my own home based business. My concern is with your proposed ruling above. Businesses that are legitimate, such as mine will be greatly affected by such ruling. I agree that there should be a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers and that they should provide a reasonable cancellation policy. I do not, however believe that you should require a 7-day waiting period before a prospect could register. This time decay could be detremental to my business. I can give a list of many references or other IBO's in my business. We support personal contact openly with other IBO's, however, I may not have 10 in my area as this business is global. As far as financial records and litigation disclosures, we have nothing to hide. The information is available on the internet as well as other sources for any and all prospects to see and I would welcome them to check it out. I should not have to provide that. In my opinion it would show doubt in my own company. My hope is that you consider my comments before you make a final ruling. My future depends on my business and this ruling, the way it is written, will greatly affect my business as well as the businesses of hundreds of thousands of IBO's across the country.