| Comment Number: | 522418-12040 |
| Received: | 7/17/2006 5:51:28 PM |
| Organization: | QUIXTAR |
| Commenter: | MUKESH AMIN |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am proud to be associated with Quixtar and have been an Independant business owner for the last 14 years.I am a pharmacist by profession owning a retail pharmacy.The quixtar oppertunity and the association with the support team has helped me grow personally and applying the pricipals learned helped me triple my pharmacy business.Without Quixtar business I would have never met the wounderful friends who are there for me in the good times as well as the bad times always uplifting me ans believing in me. Another benefit I received from the association is that my marriage is better and my two boys have been mentored by the best and are now secured for a succesful future. With regards to the FTC issue about disclosure I found that Quixtar already doing that and when I joined my sponors were very helpful provided with all the information required to make an imformed decision to join .We have carried out the same when we sponsor other IBO's Today to register $120 is required with an option to purchase support material.The money for registration is refundable in full with in the first 90 days. I see a problem with 7 day waiting proposed instead as we have the policy of money back if mot satisfied would be more acceptable. additionally to give referances of 10 IBO's 7 days prior to registration would infringe on the privacy.There is already support meetings available for the prospects to attend where they can mix with other IBO's and get their input prior to registration. I object to giving every prospect a list of all lawsuits, arbitrations and other legal claims for past 10 years involving Quixter and IBO's .This should be eliminated totally.I have never seen any emloyment application or Investment opertunities have to disclose that.Its always upto the prospect to check it out for himself. The income disclosure need to be addressed so that its simple standard and easily understood such as "average monthly gross income for an active IBO. This has been the standard at Quixtar. Providing personal financial documents to the procpects is totally unaccetable.This is my private imformation and as such not open to any prospect. However IBOs should be able to substantiate any claims as to the potential income in a way acceptable to FTC and similar state agencies under their guide lines. Again we beleive that providing prospects with imformation needed to make an imformed decision and regulate this so as to keep illegal busineses at bay.