|Received:||7/14/2006 8:53:03 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:As an IBO in Quixtar, I understand that the FTC wants consumers to have the necessary information needed to make an informed decision about participating in a business opportunity. I agree that uniform industry-wide disclosure requirements would benefit and help consumers to evaluate opportunities such as ours as well as shut down bogus business opportunities. However, I believe that there are flaws in the proposed rule that would hurt us as IBO's. Quixtar and the Independant Business Owners represent and uphold the highest standards, values, and integrity. I do support reasonable business disclosures which are fair and assist consumers in making wise choices such as: +Creating a level playing filed by requiring clear simple standardized income disclosures applying to all direct sellers. +Providing a reasonable policy of cancellation. I do not support or feel the following should not be included: +Should not require a 7 day waiting period before prospects could register in business. +Should not require IBO references or disclosure of past litagation be provided to prospects. +Should not require disclosure of financial records to prospects.