| Comment Number: | 522418-04520 |
| Received: | 6/27/2006 9:34:10 AM |
| Organization: | Rehab & Wellness Consulting, LLC |
| Commenter: | Troy Hounshell |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been a Quixtar-affiliated IBO for over 2 years. In that time, I have achieved a moderate amount of success and have helped others do the same. In the process of building my team, almost 100% of them began their business on the same day that I presented them with the business opportunity. When seeing the huge opportunity this business provides, ambitious people are very motivated to get started right away. The proposed rule to wait seven days would drastically affect my current profitability as well as my ability to continue building my business. I currently disclose financial information, average earnings by active IBOs, and risks associated with business ownership. I believe the proposed rules will serve to negatively affect legitimate business opportunities, while fraudulent companies and individuals will simply ignore the rules as they always have. I encourage you to not implement the rules as currently proposed, and eliminate the 7 day waiting period.