|Received:||7/17/2006 9:29:22 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Dear Sirs, I support any regulations targeting fraud and pyramid schemes - as long as that regulation does NOT hinder my legitimate Quixtar Business. - A 7-day waiting period would slow down the growth of my business - creating a short and long term detrimental effect on my overall net profit. Please DO NOT impose this regulation! We already provide a very reasonable cancellation policy. - A requirement to provide references to 10 other local IBO's would impose a risk to me of someone registering with one of these other people AND if I were on that list, it would greatly impose on my personal privacy. When we share this business with prospects, we take them to an open meeting where they have plenty opportunity to meet a number of other local IBO's (without creating a burden for anyone). Please do NOT impose this regulation! - A requirement to provide a litigation list would also create a tremendous burden. With an organization the size of Quixtar, you can just imagine the vast number of frivolous lawsuits we would have to be constantly and incessently adding to this giant tome - it would require something the size of a tax law library. It would be outrageous to expect every single IBO to somehow keep up with this and present it in any kind of reasonable form to a prospect! And how fair is it to have to present foolish and spurious lawsuits to a prospect? - it might be pure bilgewater, but it could potentially damage our personal and professional image with our prospects and thus directly affect our net profit. Please DO NOT impose this regulation! - The requirement for specific earnings disclosures would also present a burden. The way we present our income disclosure information is very fair - the information we share is actually based on minimums (the numbers themselves are taken from the FTC approved SA-4400 form)- if they perform to that level, they will assuredly make at least that amount of money - usually quite a bit more. Our disclosure is fair, and I would urge you NOT to impose this regulation! - The requirement of financial substantiation would also present a burden. It would be inappropriate to require this because my personal privacy is just as important to me as it is to every other American. This disclosure in my opinion would be highly inappropriate and in violation of my right to privacy as an American citizen. Please DO NOT impose this regulation. Thank you very much for your attention to my thoughts and comments.