|Received:||7/1/2006 12:07:28 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I disagree with your proposal on several points. First, I don't believe a waiting period is warranted, especially for businesses that offer a money back guarantee. A waiting period would give any business opportunity an heir of illegitimacy. Second, requiring every business owner to give a prospect a list of 10 business references is a bad idea. It infringes on the privacy of the business owners. It would also be a waste of time for the people that are listed as references. Plus, who would submit a bad reference. It's a total waste. Third, forget about the requirement to disclose prior litigation, especially allegations of fraud without an actual judgment. That opens the back door for competitors to make up false accusations about a business to rip apart their credibility. I am an Independent Business Owner affiliated with the Quixtar business. The business is a phenomenal opportunity, however there are a number of people that fail and want to discredit the idea to legitimize their failures. Quixtar is a legitimate business that values its reputation in the community. If an IBO uses deception or fraud to build their business, it is not condoned by the corporation. To take measures to prevent a few IBOs from defrauding prospective clients that would harm the businesses of honest IBOs seems unreasonable.