|Received:||7/7/2006 5:39:48 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:The proposal would have a profound negative impact on my business. I have been an Independent Business Owner for 26 years of helping people earn extra income. Only as I have helped others make or save money have I earned the extra income that has enabled college education for our children, travel opportunities and personal growth. The materials that we use in sharing the business with others has always stated Quixtar average monthly gross income for active IBOs. We have never suggested a get rich quick plan or guaranteed success, but we have told prospective members that we will help them reach their own goals to reach whatever level of income that they wish to attain. The current pricing on the Quixtar registration (including optional product pack is $125 and that Quixtar has a money back guarantee. My specific concerns are 1) A waiting period over such a small investment would be a time drain for both parties especially with the money back guarantee. Eliminate the waiting period. 2) Giving references as propopsed is a privacy infringement issue especially when the prospect can attend group meetings and meet the actual people without giving their personal information which is a personal security risk and an invitation for identitty theft. Eliminate the requirement to provide 10 references. 3) Giving lists of lawsuits and other legal claims is infair since it would open legitimate companies to malicious and trivial false accusations and present a negative picture of the company without the outcomes and positives. Eliminate the requirement to disclose litigation. 4) Quixtar already has the income claim information in their approved literature this should be sufficient. Don't overcomplicate something that is already in place. 5) I should not be required to provide personal financial documents. Providing my single financial information is not representative. As stated previously, Quixtar disclosure of average incomes is a much more useful and illustrative number. I have built a business with integrity over the past years and feel that this proposal would be harmful to my business and my business partner. We already have written income disclosures, we already have a refund polidy in place, but a waiting period is a restrictive business policy and personal,legal and financial references would be a secuity violation at best. Please do not impose these restrictions on an already high integrity company. Find other ways to shut down the bogus opportunities that are harmful and make false claims. Quixtar has suggestions that would work to serve that purpose without harming hard working, honest Independent Business owners and our businesses with cumbersome,restrictive rules.