|Received:||7/13/2006 10:05:24 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been affiliated with Quixtar.com since 2003 It is a bit surprising to see the proposed FTC rule, which I trust is in good intent, but I see it difficult to implement. Rather than making it hard for honest businesses, FTC should try to punish the fraud companies and their representative. e.g. When we go to grocery store to buy stuff, just because there are shop lifters, it doesn't make sense to have a rule that all shoppers will have to wait for 15 minutes after check-out. Another analogy can be when I get a franchise and the law asks me to wait for a few weeks. similarly by having a wait period of 7 days, the new joinee not only loses his income for 7 days but also is denied access to the exclusive products sold only at Quixtar.com. If the new joinee changes his mind after joining they can still get full refund so why wait? And regarding list of lawsuits.. how is it possible for me to keep track of all lawsuits and show them to my prospects. If FTC is really serious about this they can publish the list on websites or make them mandatory to be broadcasted on all news channels. Similarly, it should be companies responsibility to publish income statistics and not mine. and why should I disclose my income to prospects? Isn't it the invasion in my privacy? And definitely I dont want more phonecalls from other's prospects. Already I am sick of telemarketing calls and surveys. If some prospect is really serious to meet others who are in this business I definitely invite them as guest to any of our meetings where they can meet others in the business. A lot of prospects have met me and asked my experiences in this biz at such meetings. But being contacted by other's prospect when I am at home or at work? It can be irritating. Another analogy regarding this. If I am interviewed by a company for job ( say in IT industry) how likely it is that there will be a law that requires me to wait for 7 days before I can start my job or training. And the employer has to provide me a list of other companies in that area who are recruiting for similar job and I have right to walk in those companies and tell them that I am already qualified for the job but as I can not join them for next 7 days, i am exploring others. And I have doubts that the government has the infrastructure to track all those who are not following these new rules. So this proposed rule is only going to add extra work and confusion to honest IBOs and prospects and will not impact cheats and frauds in any way. Hence i request FTC to review this rule from this perspective.