|Received:||6/26/2006 9:57:54 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:To whom it may concern, We support reasonable business discloures that are fair and help consumers make wise choices for our industry. We support creating a level playing field by requiring clear, simple and standardized income disclosures that apply to all direct sales. Also, we believe there should be a 100% full refund and a reasonable cancellation policy. However, we are extremely opposed to requiring a seven-day waiting period before a prospect could register. It seems the entrance fee for our business is so low that spending $200 -$300 and having to wait seven days is way out of line. That's like having to wait 7 days to go in a restuarant! A 100% refund of the registration fee would be more reasonable. Also, we deal with IBO references as our prospecting base so IBO references are totally redundant. Almost everyone we sponsor is a referral and thereby the best references. We do not support this proposal nor the disclosure of past litigation. Somehow, we do not see how this benefits the consumer. If everyone is an independent business owner why should we have to be disclosing lawsuits against other IBOs that we are not a party? They are joining us, not the other IBOs. Finally, we are against having to require financial records to be disclosed to propects. As a protector of our privacy, we do not want anyone seeing how much we make. We are small business owners, not major coporations. We would be showing every prospect our income tax records. We don't even want to go there. As full time IBOs in the Quixtar opportuinity, we love this industry and the benefits it gives us. These proposed rules would severely limit our ability to expand our business and limit our incomes. Please be very careful about any changes to discloures to prospects. Each IBO views themselves as independent and therefore taking on the entire burdan of disclosures. Thank you for allowing us input.