|Received:||7/17/2006 5:59:37 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I would like to comment on some of the proposed Business Opportunity Rules. First, I think the requirement for a prospect to wait 7 days is unnecessary in the case of a buisness like Quixtar. The new IBO can get a full refund of his/her registration fee if not satisfied. Second, the requirement to give a prospect contact informaiton for 10 other Independent Business Owners in my area. I would have no controll over who was being given my personal information. Also, that person I have contacted and developed and interest in my business may decide to sign up under someone else. There are dishonest Lawyers, Contractors, etc. If this is required of honest enterpreneurs, it should be required in all business to protect the public. Third, if I have to disclosure of personal financial information is not required of any other business person. Our business has a disclosure as to the average income of an active business owner. It brings reality to any claims made by anyone. Fourth, to list any lawsuits, arbitrations, or other legal claims made against the company for 10 years is unfair. There are Doctors practicing medicine who do not disclose this information and it could be a matter of life or death to a patient. Again, if these rules are deemed to be fair in my industry, they should apply to anyone who can make an unfair claim, be sued, or otherwise take advantage of an individual.