| Comment Number: | 522418-04348 |
| Received: | 6/26/2006 4:39:42 PM |
| Organization: | Quixtar, Inc. |
| Commenter: | Nathan Breier |
| State: | AR |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I want to first of all thank you for your concern in the matter of fraudulent home based businesses. But I must state my concern that this rule would impose on legitimate HBB's like the Quixtar.com opportunity. I would like to first make clear that in talking with any potential prospect, I make very clear that this is an opportunity, not a guarantee. It does take work. I have been associated with this business for over a year now. These rules proposed would severely cramp the amazing growth this opportunity provides. Quixtar.com offers every one of it's IBO's a one year guarantee that if they are unhappy with any aspect of the opportunity, they can receive their full registation amount, approx. $180 at this time, in a refund, no questions asked. Maybe a rule of this nature for all HBB's would be better than requiring a 7 day wait. I do not agree with the 7 day wait, the disclosures, or the references proposed. Any prospect can go to any online site and receive false information regarding Quixtar. We always give references of the Better Business Bureau, Thisbiznow.com. and other creditable sites for our prospects to learn. I think it would be beneficial for any HBB to be strictly governed concerning their literature they hand out. The FTC should place a seal on all approved material. I believe that a list of references would be very incomfortable and possibly an invasion of privacy to the IBO's being called. And it only stands to reason that the same IBO's would get all the calls, or at least the IBO's that make the most money, because they would always be referenced. And those IBO's have more to do than answer hundreds of phone calls from new or prospective IBO's. Many IBO's are uncomfortable with revealing their personal financial information as well. All HBB's should be required to 1) be registered with the FTC and information on this should be readily accessible to prospects, and 2) offer a 100% refund on registration within a 12 month period.