| Comment Number: | 522418-06976 |
| Received: | 7/8/2006 11:36:21 AM |
| Organization: | Quixtar |
| Commenter: | Deanna Gromelski |
| State: | CO |
| 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 with Quixtar for 5 years. In my experience everything was very upfront and fully disclosed. I received all of the paperwork that was required on the day of registration. I was formerly in the Stock Brokerage/Full Service Financial Services business for 18 years. In my experience the Quixtar opportunity is 100 times more upfront, integral than any business opportunity I have researched and/or been a part of. 1.The proposed 7-day waiting period would, in my view, set up a red flag to a new prospect about our business practices. It insinuates bad business practices. Why punish good/solid business models for the few 'get rich quick' schemes out there. Investigate the ones that have LEGITIMATE claims that have been convicted of the claim. Don't use a blanket rule that punishes the honest with the dishonest. 2.The 'litigation list' requirement would be fine if you only had to list ones that you were truly convicted of. Allegations can be very one sided and untrue. Also, to require a business owner to disclose all the litigation for Quixtar would be ridiculous. That needs no other explanation but ridiculous. 3.The requirement for fin'l substantiation goes against the privacy act. I do not have to disclose my financial personal business to anyone. Then you would need to enforce it in the financial industry as well. Loan officers, Financial Advisors, Financial Planners, Insurance Sales, all would have to provide their financial records to their proposed clients as well. There personal as well as professional records. Here is a question for you; are you as the FTC trying to help the trade/economy or slow it down? The Quixtar business model is built on the integrity/ethics of each individual/independent business owner. We have a responsibility to uphold the highest of business ethics. That being said we are NOT responsible for dishonest people in the United States of America that are LOOKING for a 'get rich quick' scheme. When they do not get rich quick they blame the company for claiming it told them they would. You cannot protect people against themselves, with these proposed rules that I have discussed you are trying to do just that. I am not saying that there are not dishonest companies out there, Quixtar is NOT one of them. Quixtar business owners have considerably helped the economy of the United States as well as the world.