| Comment Number: | 522418-08794 |
| Received: | 7/13/2006 1:41:17 PM |
| Organization: | Leadership Team Development a division of IBOs for Quixtar |
| Commenter: | Daniel Sewell |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My wife and I have been apart of the direct selling market for nearly two years now through Quixtar. We have yet to find a better class of people with a higher standard of integrity and character anywhere else in the corporate world. I have no doubt in my mind that this opportunity has greatly helped my family both emotionally and financially. But I understand that in today’s society that there are those that would take advantage of their fellow man. I cannot agree more that this vile breed of men needs to be stopped before they leave a bitter taste in the mouths of Americans and those around the world concerning the direct selling markets. The current proposed rule before the FTC I am sure would help to eliminate such illegal organizations and solve many of the problems facing the FTC. Yet, as we read over the proposal, one cannot help but see that some of these rules would place an unfair burden upon creditable organizations. One of the first issues that we have is the seven-day waiting period for prospects before they can signup. The start-up cost for Quixtar is about $180. Which is refundable for 90 days. We carry the BBB online approval seal on the front page of the Quixtar web site. This waiting period is unnecessary for any organization that has a refund policy. Furthermore, this proposal may in fact be overstepping its bounds by infringing on Americans freedoms to spend their money and time how they see fit. Last this would also create a great hindrance to the speed at which one would be able to establish a healthy business. The second concern of ours combines two proposals set before you. The rule requiring to give every prospect a list of “references” – the names, addresses, and phone numbers of 10 other IBOs in the area, and the requirement to provide prospects with personal financial documents. We feel that these two policies would be a violation of personal information and space. Many of the IBOs don’t share financial information with their own parents or siblings, much less a prospect that they may know for less than a week. And with fraud being the fasted growing crime in America, it makes many of us very uneasy to provide so much information to potential prospects, not considering having another team member give it out to somebody that we have not even met. We hope that you will give these rules and others much thought and deliberation. Thank you for your time in listening to our concerns with these matters. I pray the Lord may give you guidance and wisdom with the decisions your must make in the near future. Daniel & Kristen Sewell