|Received:||6/6/2006 4:51:40 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am in support of the Rule. I know of so many innocent folks that have been DECEIVED into joining these "business opportunities" like QUIXTAR. They have ended up losing lots of money, time, friendships and even family because of the deception involved in selling these "business opportunities". I'm sure if there was full disclosure, these folks wouldn't have joined, and would have easily seen the SCAM for what it was. In the case of QUIXTAR, it is virtually impossible to get accurate information in order to make a sound business decision. Information like the total number of Independent Business Owners (IBOs); number of IBOs at each level; average length of time an IBO stays in the business per level ; actual business costs for an IBO etc. QUIXTAR, in collusion with its high-level kingpins, have setup their elaborate scam that thrives on the lack of material information. Without material information, it will be hard for potential victims to easily recognize and avoid such scams.