|Received:||7/16/2006 10:34:53 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO with Quixtar since the beginning in 1999 (and was formerly an Amway distributor, beginning in 1991). It is important to me that prospects I talk with understand that this is an opportunity for people who are willing to dedicate time and effort, where tremendous rewards can come about. I dedicate my time, money and energies toward helping those I prospect, who accept my help. As any healthy relationship, the business relationship we have is critical to our sucess together. Honesty is very important. However, I do not feel that 'giving every prospect a list of all lawsuits, arbitrations, and other legal claims for the past 10 years involving Quixtar and its IBOs where the plaintiff alleged fraud, misrepresentation, or unfair trade practices – regardless of whether or not the accusation was true' would benefit anyone. I own a conventional lighting business aside from my Quixtar business. In my experience in both industries, not every lawsuit filed against a business is legitamate, but such negative press can cause harm to the business by outsiders who might question your legitimacy - when you were not at fault - and avoid the business all together. This is very destructive and I would ask that this aspect not be included in the final rule. As an IBO, I give each prosect an SA4400 disclosure statement (written by Quixtar.com) which discloses the average income. I feel that this would be a more fair approach to the issue at hand. I also feel that the 10 references and 7 day waiting period should be taken out. References are just hearsay anyhow. No references can be looked at as 100% creditble information. They may also include personal opinions as apposed to the SA4400 I refer to that states the facts, plain and clear. Thank you for your efforts in keeping out fraudulent "businesses" while allowing legitamate ones flourish.