| Comment Number: | 522418-08959 |
| Received: | 7/13/2006 6:20:31 PM |
| Organization: | |
| Commenter: | Glenda Hampton |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am a Quixtar IBO and very happy with the business. However, I do have some concerns about future potential rules. When I saw the IBO plan, I was given a very informed talk, and backup literature to make my decision. I didn't need to see someone's financial portfolio or private information to make my decision. I weighed the pros and cons of being an IBO and decided if it would fit into my plans for my life. My experience is very positive from my upline to the Corporation. I feel that we're all adults here and that no-one needs to be given a certain amount of days to make their decision. It could be one day or more -- but we don't need the government to decide for us. I object to the 7-day decision ruling on the table. Again, I feel that the bio on Quixtar, their tract record is "enough" for a prospective distributor to make a decision; they don't need references from the one showing them the opportunity. In fact, their upline may quit and they are not held back. It's not a pyramid - so not dependent on the success of the one showing you the biz. I believe the tract record of Quixtar and their affiliates is ENOUGH. The "litigation list" I believe is going a bit too far. Again, I think the repetation of Quixtar and it's affiliates is enough. Earnings disclosure: Again, I don't feel it's necessary to disclose one's personal earnings, etc. The track record of the corporation, and it's affiliates should be enough. I think that having one disclose their personal portfolio is a breach of ones privacy. References: I don't believe necessary and how do I know that if I disclose that a prospect might not register with the persons listed? I think again, that we are all adults, we know how to search out a company and find out if it's for us or not. Are we getting too "big brother" here? Let me relate to my personal experience. I didn't need to know about the personal lives of the person that showed me the opportunity. I researched the corporation and it's track record, reviewed the legal documentation provided from the company about the business plan, knew the reputation of the affiliate companies, and was able to intelligently make my decision without having to know all about the person showing me. I wasn't building the business with the thought of the person showing me to build it for me. I'm an independent business owner -- that says it all. The company is EXCELLENT with their rules and regulations posted on their site and their numbers where we can call corporate for answers. Over the years, I have taken advantage of that resource and have always gotten answers I needed, without ever having to delve into the personal lives of those that showed me the business. Yes, you need to make business "accountable" but I believe you can do so without invading the privacy of IBO's sharing the opportunity or making it so diffiuclt for one to do business. Thank you for consideration of my request to NOT prohibit prospects from registering as IBOs until 7 days after they receive a disclosure document, NOT requiring IBOs to give every prospect a list of "references", etc., NOT have to list all legal allegations, etc., NOT require IBOs to calculate and make different diswclosures for every income claim, and NOT require every prospect receive "substantiation" for every income claim. The merits of Quixtar and their track record and the documentation they have provided should be enough for one to make an INTELLIGENT decision. And that person shouldn't be told "when" they can decide.