| Comment Number: | 522418-12578 |
| Received: | 7/17/2006 11:00:01 PM |
| Organization: | Quixtar |
| Commenter: | Terry Posch |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
1. Seven Day Requirement: A rule of this type should apply to all direct sales. Currently prospective IBO's are allowed to cancel their registration at anytime, and if within six months, their registration fee will be refunded. 2. References Requirement: Revealing this list would only put your business at risk as it would be tempting for others to solicit your prospect or the list could be used by a new IBO to solicit your list. 3. Litigation Disclosure: No other business are required to do this and this would generate a very large report. 4. Disclosure of Income Claims: I should not have to disclose my income or anyone elses income to someone else, as these are not public records. 5. Substantiation of Income Claims: This is also not of public record. Prospective IBO's are given information on what incomes are available to them in building their business. There is a large variance of incomes and the information we disclose reveals that. I registered as a Quixtar IBO in December, 2002. This business means that I can increase my retirement income and be able to live comfortably without having to possibly fall back on an Assistance Program. I do not have a Pension Fund that will carry me through my retirement years. And I will be able to build my business to a level that will also benefit my grand children and give them a financially free life. These proposed rules would jeopardize my efforts in building this business and hamper the growth of it. I am not opposed to rules, but I do believe that they should be fair, honest and simple and that they should apply to all direct sales not just specific businesses. Thank You. Terry E. Posch