| Comment Number: | 522418-05031 |
| Received: | 6/29/2006 10:53:06 AM |
| Organization: | Quixtar |
| Commenter: | James Washburn |
| State: | PA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom It May Concern, In regards to some of the proposed rules for Business Opportunities. I do agree that there needs to be ammendments to the way that certain companies operate and the way that individuals practice. I think that there are many companies out there that give Quixtar IBO's a bad name, there are also many Quixtar IBO's that do the same thing. However, I don't think that punishing everyone for the misconduct of a few is the right thing to do. With respect to having IBO's waiting 7 days and having to provide a list of references, there is no need for that. If you want to standardize the way these businesses operate than do what Quixtar already does, give people the option to get there money back within 6 months. This would eliminate the problem of people making a "rash" decision and realizing a few days later they really didn't want to do the opportunity. I don't think that providing a list of refernces is needed. People will only create lists of people that are biased anyway. I also do not think that we should have to offer past litigation, it just causes people who are already skeptical to doubt the opportunity even more so. When you start any other business, is it required to offer up this type of information whitout being asked? If people would like to look at this type of information, it's already available on the Better Business Bureau's website. Financial records should also not have to be disclosed. The reason I feel this way is because sometimes it takes new people a while to get their business up and running, if their profit is very low or even negative prospects are more skeptical. If you illustrate the average income for active IBO's and show people accurate numbers without inflating them, there is no need to divulge personal financial data. Thank you for hearing my concerns and for looking out for the best interest of prospects but please don't add anymore burdens to a business that has enough hurdles already.