| Comment Number: | 522418-08164 |
| Received: | 7/12/2006 1:04:35 PM |
| Organization: | |
| Commenter: | Michael Miller |
| State: | ID |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Hi, I have been involved with Quixtar a little over a month and a half. I have had nothing but great service, and satisfaction since joining. I have looked at a lot of different opportunities and am grateful that you are taking a stance. However I feel that some of your proposed rules would be very limiting, and potentially dangerous to us as Independent Business Owners. I feel that requiring 10 references would demean us as Independent Business Owners. I feel that it would only cause more problems because confidential information would be shared without the consent of the individual. This could lead to it being looked at by people with harmful intentions. Quixtar is all about confidentiality and makes it very clear what is to be shared and what is not. I feel that your proposed requirement for financial substantiation would be very harmful. I don't feel it is neccessary to require financial records to be shared, unless there was a cause for investigation and then only to authorized people. This would cause very private information to be shared, information that isn't everyones business. I hope you will change your proposals to benefit those truly working with a legitimate legal company that has been working extremely well for over 5 years. There is much fraud, but I would suggest finding better ways of destroying the fraudulenet companies without harming the ones that are valid. As you put all these restrictions on valid business organizations you limit people's trust in very legitimate businesses. I feel that trust is really all that is needed from people. Please don't diminish peoples potential because of limiting restrictions. Sincerely, Michael S Miller