| Comment Number: | 522418-05739 |
| Received: | 7/3/2006 12:10:45 PM |
| Organization: | Quixtar |
| Commenter: | Jason Dodge |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I know that there are about to be thousands of letters submitted so I will be breif. The requirement of a disclosure covering how your income works is entirely appropriate. It could even be signed along with the other registraion paperwork. However, requiring 7 days to pass before a new prospect can register will be devasting to the growth of any organization that I am currently working with. I am all for the disclosure but the 7 days would really hurt. One of the ways that we are able to help the new person succeed is by showing him/her how quickly the business can grow and a waiting period of any kind would hurt the ability to grow a business quickly. I also understand that there may be a requirement to list all complaints, court cases etc... registered against a company. I can understand why this is thought to be a good idea but it needs to be looked at a little deeper. First, just because a complaint was registered does not mean that it was legitimate. Second, if there was a case that went to court and the company was found to be free of wrong doing, why would that need to be listed. Third, a lot of people complain and go to court when the real problem was that they needed to place blame else where instead of taking responsibilty for their own results. Last but not least, if there was a complaint or court case, even if the accused is found innocent, people still look at the accused in a different light. I have been working my business for 3 years now and I have had profits and losses, and I am just now getting to a point where I can leave my job and work my Quixtar business full time, now I read this recent proposal and I can say that while this proposal has some good ideas, I can also say that if I am required to hand a prospect a list of complaints and 7 days to read it, my sponsoring will just about stop, and the government will have come very close to stopping my ability to run my business. These requirements have been placed on no other business. As an honest business man I inform my new propects of how much work it will take and that this is not something for nothing and I do not make unrealistic income claims. The fact that there are unethical people out there should not compromise my ability to do business or make a living.