| Comment Number: | 522418-07376 |
| Received: | 7/10/2006 5:16:00 PM |
| Organization: | Davis International |
| Commenter: | Duffy Davis |
| State: | NE |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-07376.pdf Download Adobe Reader |
Comments:
I have been an Independent Business Owner with Quixtar for over one and a half years. I have not felt misled or that any information was purposefully withheld from me. I tell anyone that I approach about the business that it is an opportunity and I do not guarantee that they will make any certain amount of money or give illusions of what they can make if I do not believe them myself. I see no benefit for prospects to be given a 7 day wait before they are allowed to sign up. They have the opportunity to read the terms and agreements in its entirety when they register. And if they want more time to read over documents then they may if they choose to. This would be an inconvenience to prospects that want to get registered and start making money right away. I believe the 10 references is a very bad idea. Every IBO with Quixtar is encouraged to attend meetings where several hundred IBO's are available to answer questions. Also prejudice might have an impact on the other IBO's. Illegal businesses could have ten friends that they give and can manipulate what they would say to the client anyway. Also the other business owners are independent and may have nothing to do with the sponsoring IBO's business and therefore not care if what they said helped the sponsoring IBO or not. The litigation list is not a good idea either. That is like telling Wal-Mart that every customer that walks in would be provided with a book of lawsuits since Wal-Mart is sued something like every 9 minutes. I also agree with everything that I read that Quixtar proposes to change about the FTC's proposal. I do, however, appreciate the efforts of the FTC to eliminate the illegal businesses that are out there and that might give legitimate businesses like the Quixtar opportunity a bad name. Thank you for allowing us to voice our opinions and I hope they give good insight to benefiting honest businesses while helping the American public to be aware of illegal or dishonest businesses that try to take advantage of good, trusting people that are looking to get ahead and provide for their families in this great free enterprise system.