| Comment Number: | 522418-09624 |
| Received: | 7/14/2006 8:53:03 PM |
| Organization: | Quixtar |
| Commenter: | Lindsay Boehm |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
As an IBO in Quixtar, I understand that the FTC wants consumers to have the necessary information needed to make an informed decision about participating in a business opportunity. I agree that uniform industry-wide disclosure requirements would benefit and help consumers to evaluate opportunities such as ours as well as shut down bogus business opportunities. However, I believe that there are flaws in the proposed rule that would hurt us as IBO's. Quixtar and the Independant Business Owners represent and uphold the highest standards, values, and integrity. I do support reasonable business disclosures which are fair and assist consumers in making wise choices such as: +Creating a level playing filed by requiring clear simple standardized income disclosures applying to all direct sellers. +Providing a reasonable policy of cancellation. I do not support or feel the following should not be included: +Should not require a 7 day waiting period before prospects could register in business. +Should not require IBO references or disclosure of past litagation be provided to prospects. +Should not require disclosure of financial records to prospects.