| Comment Number: | 522418-12331 |
| Received: | 7/17/2006 8:37:47 PM |
| Organization: | Progressive Business Systems |
| Commenter: | Marc Couture |
| State: | CT |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been involved with the Quixtar/Amway business for the last 15 years and am a platinum business owner. I am submitting feedback as requested on the new proposed rules regarding the effects you will have on my personal business. Area of Concern #1 - The 7 day waiting period. No other business on the face of the planet has a 7 day waiting period. I can buy a firearm in less time than that. The life blood of any business is new growth. This rule will slow down my growth and unfairly inhibit me from doing business as others do. My suggestion is to eliminate the 7 day waiting period proposal. Area of Concern #2 - Requiring me to give every prospect of mine 10 area references to call and check out the opportunity with. There is no privacy in that at all. Anyone of those other 10 area references could convince my prospect to get involved with them. It puts my hard work at an unfair risk. My suggestion is to eliminate the 10 references requirement. Area of Concern #3 - Requirement to give every new prospective independant business owner a list of all lawsuits, arbitrations or other legal claims involving Quixtar where a plaintiff alleged fraud...etc. Among other problems this would just open the door to other false accusations for people to claim against not just Quixtar, but, many other legitiment businesses while the dishonest ones will just ignore the rule. My suggestion is to eliminate the "list of lawsuits" requirement. Area of Concern #4 - You would have to make a different disclosure for every income claim. I would suggest that you make 1 easily understood disclosure such as " The average monthly gross income for "active" IBO's. Area of Concern #5 - The requirement for me to provide prospects with my personal financial documents to substantiate any income claim. My personal income documents are available to my wife, my accountant, the I.R.S. and banking institutions when I am seeking to borrow money. Those are the only people who have any business seeing my personal income documents. I suggest elimination the "personal income dislosure" requirement. I appreciate the solicitation of input on the possible impact to my personal business and to the many other legitimate businesses out there. I am proud to live, work and grow a business in a country where we do have input into what could affect our future. I trust that the FTC will do the right thing and not handcuff the legitimate businesses out there because of a few "outlaw" pyramid schemes and other scams out there. Thank you for your consideration. Marc Couture Quixtar Independant Business Owner