Business Opportunity Rule #522418-11023

Submission Number:
522418-11023
Commenter:
Michael Tilma
State:
NC
Initiative Name:
Business Opportunity Rule
Firstly, I and every member of the Quixtar organization that I have had interaction with fully supports the elimination of fraudulent business opportunities. This is why we already provide every prospective IBO with all the information necessary to make a good decision. I have been an IBO with Quixtar for about a year and a half now, most of which I have been inactive for, due to uncontrollable and unrelated circumstances. However, as I will be active again shortly, I am highly concerned about the proposed rule. I recieved plenty of information and was encouraged to take my time making a decision when I signed up. I was never harassed or pressured in any way. Quixtar changed my life the second I became an IBO. My mentor taught me a lot in a short amount of time about becoming a better person, a contributor to society. Even though I decided to take a break from the business, I still keep in touch with him, and have never gotten anything but support from him and everyone else. I feel that Quixtar has taught me a lot about how to succeed in life, not just in the Quixtar opportunity. There are a few problems with the proposed rule. First, the seven day waiting period is ineffectual. This prohibits IBOs from seeing how quickly they can begin to build their business. Such a waiting period should be initiated by the prospect, not the FTC. As I stated before, I was never pressured, and I have not heard of anyone being pressured. Also, this might be appropriate in another opportunity. However, Quixtar assures 100% of your money back if you are not satisfied, no questions asked. Thus, this requirement should be eliminated for opportunities like Quixtar's. Second, the list of 10 IBOs that would have to be given out is also not practical. It infringes on those IBOs privacy rights, and also gives them an opportunity to sign up that prospect themselves. This requirement should also be eliminated. Thirdly, the requirement to disclose previous litigation is misleading. It opens up legitimate businesses to fraudulent claims against them, dishonest companies will easily disregard this. Fourthly, disclosures for income claims complicate the business. This is not necessary information, and is not easily understood. We already provide prospectives with an average monthly gross income for active IBOs which is simple, easy to understand, and above all, completely honest. And lastly, requiring me to disclose my personal financial records to substantiate an income claim is an invasion of my privacy. My personal financial records are my business. These should only be required during an investigation into my business and business practices. Frankly, Quixtar's record speaks for itself. I have every faith in this business as a viable and completely honest business. I also applaud the FTC for doing its best to snuff out the frauds. We can all do much better without them. Thank you. Michael Tilma