|Received:||7/8/2006 2:35:53 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:While there may be many schemes and deceptive business groups, I have found Quixtar to be fair and upfront with the opportunity and product offering. As an IBO, I don't want a person to "sign up" unless they understand the work involved and the small investment required. I therefore disagree with some of the changes proposed by the FTC. 1. Upfront income declaration and proof is no problem. 2. I would support a better cancellation policy rather than some 7 day waiting period. 3. My performance has no basis on anothers success or failure. This is their business, and my references have no basis on their success. They can make their own decisions as to their future and business. 4. While my past is clean, anyone can sue anyone. This does not mean guilt. Therefore, I disagree with providing information on past litigation. 5. I absolutely disagree with providing any personal income or financial records. My income level, which quite frankly is high, has no basis on a new IBO's ability to be successful. If I were broke, still would have no impact on anothers ability to be successful. Also, many of the people I talk to are total strangers and why would I want to give this person any of my financial information? As you try to reign in scams and deceptive practices, let's not penalize legitimate businesses with excessive rules and requirements. As this business only required a minimal upfront investment to begin, try applying your ruling to businesses requiring non-refundable fees in excess of $500 or more. Thank you for your time and consideration.