| Comment Number: | 522418-04377 |
| Received: | 6/26/2006 5:56:18 PM |
| Organization: | |
| Commenter: | Donald Smith |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO with the Quixtar Corp for over 2 years. This Business Opportunity fits my lifestyle so well that it does not interupt my regular "job" and enables me to create the wealth and residual income I look forward to enjoying in my later years. When I registered I understood that this was a business opportunity - I knew that this was not a "get rich quick" scheme, and I convey that to the prospects I encounter. This opportunity start up fees are well under $300, something that most individuals can afford. The registration fee is not a part of my remuneration from the Quixtar Corp. The proposed rule changes would be a burden to perform for the normal IBO. I was not given a 7 day waiting period, we advise our prospects of the facts of the business.Requiring references would not be fair to the IBO and would not give the best "reference" for the business. My prospects usually meet other IBOs and are aware of the type of business we engaged in. To require individual IBOs to list litigation; what do you mean? All litigation even those filed with malice; not even legitimate? It is local or national or even international? Is it Corp based litigation, litigation against individual IBOs? What disclosures of income? We already advise of averages of the IBO as already prescribed. Am I to disclose my income and those on my team? Would that be appropriate? I think not. To attempt to "shut down" scams is a good. Quixtar however is not such a scam and to place it in the same category is wrong and unjust. This business is the greatest opportunity I have ever been given; to have the government further restrict my ability to engage in a legitimate business is unthinkable. I trust you will reconsider and amend your rules change.