|Received:||7/15/2006 11:31:35 AM|
|Organization:||G4 & Associates|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am a graduate of the United States Military Academy with a military and teaching background. I currently work in the K-12 testing industry as a math trainer. I see little effective purpose to the proposal to require a 7 day waiting period for prospects considering legitimate opportunities like Quixtar. Quixtar already provides for an unconditional money back guarantee. There aren't any such waiting periods on Wall Street investments or Wal-Mart purchases of much more than the $60 required to start a Quixtar business. A proposal such as this waiting period will not add any protection for the prospect since the money back guarantee is already in place. This proposal will only retard the opportunity for individuals with small direct selling businesses. The proposal to require every prospect receive a list of references with addresses and phone numbers seven days before registering infringes on the privacy of other IBOs. It also opens the possibility that the IBOs on the reference list now have the opportunity to register the prospect themselves, thus harming the individual who had done the actual prospecting work. Please take appropriate action to protect individuals from investment scams and ponzai schemes. But do not do so at the expense of legitimate opportunities available to the average person. Thank you for your attention to these issues.