| Comment Number: | 522418-12239 |
| Received: | 7/17/2006 7:32:48 PM |
| Organization: | |
| Commenter: | Alfreda Schroeder |
| State: | NE |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
The proposed seven day waiting period, the requirement to provide references, to provide "litigation lists, specific earning disclosures, financial substantiation would KILL our business. Granted we, too, want a way to get rid of the unethical companies who try to intrude our business and take our people. This has been our fulltime income since 1970 and we have no other pension for our retirement. Other businesses and companies do not have the requirements you are proposing. We are a ligitimate business, be it homebased without storefront. The Code of Ethics and Rules on Conduct of the (Amway) Quixtar company has kept our business a legitimate and ethical business of the highest integrity--a business to give freedom and opportunity to many as well as to ourselves. We've been Amway/Quixtar Independant Business Owners since June 1965. Since 1973, it has been our fulltime income.The business allowed us to be parents involved as volunteers in youth, church, school, and community organizations which we could not have with full time jobs. It's given us income to college educate our three children who not hold good job and pay siginificant taxes to support this country, as do we. It's given us freedom and independence. It's allowed us to help others to use quality products that are protection to the environment.....really protect.....free rinsing products that are from renewable resources, concentrated products that do not add near the amount to the landfills that the store bought products do. Our company provides health and wellness products that are pure and perform...improving health conditions. This world needs a business atsmoshere where it can flourish because it provides so much in benefits for our economy, environment and security of people but there certainly does need to be something done for those unethical companies that are offering inferior, if not dangerous product, and taking advantage of unsuspecting people who want to make extra money but believe their lies and then lose lots of money. (Recently, my brother died, and in the sorting of his personal papers was found evidence of him being victimized by many of these companies.)..Many, so desperate, are easily victimized and hope you find an answer that does not jeoprodize the legitimate businesses who are doing good for many. When we first registered, we saw the business plan and demonstrations of the products. We knew we wanted to use products that were not only safe for the envioronmenbt but that were safer to use, high quality and high in performance. There were no quotos, a money back guarantee which the company has never failed to honor. The investment was low and soon recovered through the savings we had on the products. We knew it was not a "get rich quick" plan and we present it the same way we saw it. We were shown the SA-4400 with income disclosures and show same to our prospects. Most of our registering IBO's spend from $55 to $150 when they first register. Depending on their business goals, they have the option to purchase materials that will educate them on business expansion and personal growth. Over the years, we have had very few chose to leave the business and in all cases, they got their money back. We count on the future of this business to support us as it has the past 36 years. Without it, we have no pension and would very likely have to have government help.