| Comment Number: | 522418-06561 |
| Received: | 7/6/2006 6:15:51 PM |
| Organization: | |
| Commenter: | Rajesh Menon |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an Independent Business Owner (IBO) affiliated with Quixtar since 1999. When I was registered by classmate he told me both about the possibilites and the probabilities. The possibility of being financially independent in 2-5 years. And the probability of an average IBO making only few dollars every month. I have concerns about the following requirement in your proposal: 1. The requirement to provide a "litigation list": I don't get a litigation list when I go to buy a car from a dealer. Why would this be different ? 2. The requirement for specific earnings disclosures: How would I make a disclosure for a uniform network of 6 people, each registering 4 each, who in turn register 2 each, when such a uniform example is not available in the world. A non-uniform example would make the marketing plan so complicated 3. The requirement for financial substantiation: How can make a financial substantiation, when most of any IBOs registering their downlines, happen in the first few months, when they have not made any money. And this rule can be made totally ineffective by Quixtar, if it just changes calling all the people below Platinum IBO as just "refering customers" or something. All in all, these proposals make doing grass-root-level business difficult. I came all the way from India, because of the opportunity here. Don't forget what made this country great. In India, we had a better name for these kind of rules - LICENSE RAJ