|Received:||7/1/2006 10:16:00 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Firstly, I have been an IBO with Quixtar now for around 9 months and I can't think of a better business opportunity. What Quixtar has done and continues to do for my family is truly a blessing to us all. The truth is I was attracted to this business because of the honesty and integrity I saw, being that those qualities are hard to come by today. I strongly believe that this business, its system, and the way we do business is perfect for my families financial future and our prospects financial future. The changes that are involved with the proposed rule could greatly harm my families future as well as our prospects future. Although I understand why the rule has been purposed I still must say that businesses lacking integrity would surely only use aspects of the rule that benefit them and exclude those areas that unveil their lack of integrity. In the mean time businesses adhearing to set standards and keeping honesty and integrity as the foundation would surely be hurt by the proposed rule. For the businesses being affected by the rule and the FTC to gain a win/win outcome I will state some opinions of what would help. If disclosures are needed the rule should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. This would eliminate the discomfort of changing the simplicity of showing people are business model and dealing with lots of paper work. The rule should provide a reasonable cancellation policy. The rule should not require IBO references be provided to prospects or disclosure of past litigation. This requirement would infringe on the privacy rights or every IBO whose name, address, and phone number was provided to prospects. It would also penalize the sponsoring IBO and confuse the prospect by making it seem as though the prospect is welcome to chose from a list who he would like to do business with. This would confuse our whole system of doing business being that the referring IBO should support the prospect he referred. The listing of past litigations would open up Quixtar and other legitimate companies to false accusations. Meanwhile, dishonest companies lacking integrity would simply ignore the rule. It would have the same affect as us requiring prospects to list their past litigations to business owners. The rule should not require a seven-day waiting period before a prospect could register. With opportunities like Quixtar where the prospect can get their money back if not satisfied this requirement only hinders the prospects profit potential and delays their opportunity for business growth. The rule should not require financial records to be disclosed to prospects. IBOs should possess substantiation for any claim but should not be required to disclose it except when required by the FTC and similar state agencies in an agency investigation. I wholly understand the intent behind the proposed rule, but I must defend my family's future as well as others. Several requirements that are commented on above would greatly damage the way we do business and harm the financial future of hundreds of thousands of IBOs and future prospects. I would beg that whomever it concerns would closely review the opinions stated in this document, people's futures greatly depend on it. Being the busy profesionals you are I truly appreciate you looking over any if not all of the opinions stated in this document.