| Comment Number: | 522418-04308 |
| Received: | 6/26/2006 1:55:11 PM |
| Organization: | Quixtar |
| Commenter: | Joel Peterson |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir/Ma'am, I am writing in repsonse to the proposed rule that would affect businesses such as Quixtar. I understand that the rule is designed to limit schemes and businesses that are not integrity-based, and I do support that. However, there are also some parts of the proposal that could hurt my business as an Independent Business Owner (IBO) powered by Quixtar. I believe that the rule should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. I also believe that the rule should provide a reasonable cancellation policy. However, I believe the rule should not require a seven-day waiting period before a prospect can register, require IBO references be provided to prospects or disclosure of past litigation, or require financial records to be disclosed to prospects. I have been an IBO with Quixtar for about 6 and a half years, and it has been a great experience. As you know, Quixtar is the best of the best. I feel that some of the parts of this proposal would harm my business. I hope that you will take my thoughts into consideration. Thank you!