Business Opportunity Rule #522418-11836

Submission Number:
522418-11836
Commenter:
Jones
State:
IL
Initiative Name:
Business Opportunity Rule
To whom it may concern The proposed place a burden on the "honest" business owner that is unjust, as well as unfair. There are several point that have caused some major concerns. Concern 1: Prospects would have to wait seven days after receiving disclosures before they could register. Solution 1: Those business that offer a money back guarantee, like Quixtar, should not have to enforce this rule in their business. Concern 2: You would be required to give every prospect a list of "references" -- the names, addresses, and phone numbers of 10 other IBOs in the area -- seven days before the prospect registers. Solution 2: This infrenges on the privacy of other IBO's. This leave room for fraud and identity theft. Also, during various seminars in the area, there is ample oppurtunity for potential business owners. They have time to ask as many questions as they'd like. Please eliminate this line. Concern 3: You would have to give 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. Solution 3: There is no way possible to keep such information available to each IBO, since Quixtar is in all 50 states and serveral countries worldwide. We live in a society that is lawsuit crazy. Does any of the large corporations like Walmart, Sears, Macy's or Target have to provide their customers or employees this information. Please eliminate this rule. Concern 4: You would have to make a different disclosure for every income claim. Solution 4: IBO's are told to disclose the fact what average active IBO's income from building their business, which was enforced by your organizaton. Please eliminate it. Concern 5: You would be required to provide prospects with personal financial documents to back up ("substantiate") any income claim. Solution 5: IBOs possess documentation for any claim but should not be required to disclose it except when required by the FTC, similar state or federal agencies in an agency investigation. If someone inquired about working for the FTC are you required to show that applicant your pay stub. Please eliminate this line. According to the rules and regualtions of Quixtar there are provisions made for such instances of deceit. Individuals cought enfringing on such rules will loose thier businesses. This company has gone to extreme measures to allow any one, no matter what they look like or where they come from to have the same oppurtunity to build a successful business. If the proposed rules are enforced, you have made all of the hard work meaningless. Sincerely, Ms. Jones Independant Business Owner