| Comment Number: | 522418-07866 |
| Received: | 7/11/2006 9:48:10 PM |
| Organization: | |
| Commenter: | Callahan |
| State: | PA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been a Quixtar IBO for nearly 10 years and I believe some of the proposed rule changes would adversely effect my ability to continue to build and grow my Quixtar business. Although I totally support and agree that bogus internet business scams are rampent and need to be dealt with, I also believe that legitimate, time tested business opportunities like Quixtar should be exempt from such rules, or at least have less stringent rules applied to them. The information I received (SA-4400) along with meeting and talking with other IBOs and prospects, provided me with more than enough information to make an informed decision. Implementing a waiting period, requiring references, and mandating specific earnings disclosures would severely ristrict new IBOs from legitimately building there businesses and begin to earn income. In my experience with Quixtar, I have been able to obtain refunds on everything from start up kits for IBOs who quit shortly after signing up, to products I did not like, to tickets to training events I was unable to attend. With the integrity and ease of requesting and receiving a refund and/or exchange, adding these addtional rules to the Quixtar business opportunity would surely be overkill and I believe would serve no additional value or protective benefit to a perspective IBO. Furthermore, providing references and specific earnings disclosure to perspective IBOs not only raises potential privacy issues, but also, could open the door to increased fraud and/or theft by forcing the uncontrolled circulation of this information.