Comment Number: 522418-04569
Received: 6/27/2006 12:34:18 PM
Organization:
Commenter: Inderpal Chadha
State: WA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been an Independent Business Owner associated with Quixtar Inc since March of 2001.Our experience (wife and myself) has been very good. We enjoy being associated with such an honest company and the most honest group of people ever met. When I registered I did at my own free will with the full information provided by my sponsor. My sponsor also introduced my to over 20 other members in the area who are part of this wonderful opportunity. When I introduce people to the opportunity we provide them with all information and disclosures, also introduce them to other members personally as providing contact information of others is intruding on their privacy and I believe you would frown if your contact information is given without your consent. The people we sponsor are given ample time to think over the opportunity and we let them know that as per the plan this is an opportunity which requires work and few years to make money. Also with Quixtar , they have 90 days to get their refund without any questions being asked. The typical registration with Quixtar is between $138 and $170 depending on the product pack used to sign up. Within 90 days all the money except tax and shipping is refunded by Quixtar if the person decided to quit. As seen above, ample opportunity and information is provided to the prospect to consider before registering, so putting in a rule of seven day waiting period runs contrary to running a free enterprise system. No one should be restricted on doing business by this silly rule, if a family of five has to register ,that means it will take 28 days for the fifth member to start his business, this is introducing licensing and policing of trade practices. Adults are sensible enough to make their own decisions and government should not be making decisions on their behalf. This rule will change the whole profitability of the plan, as it would delay earning in an exponential fashion.Every prospect is provided with full information on refund policy and full information and ample time to think over. One cannot make people do things if they don't want to. We always introduce our prospects to other members in the team, so a legislation on requiring to give personal information of others is totally misplaced. In person contact is better then giving some ones private information. Providing litigation information is like asking companies like Microsoft to provide all litigation information before hiring any one. This information is any ways public and any one can access it, the same is also available on the internet. This will open the company to more suits. On the earnings issue, the prospect is always provided with facts and numbers. Also we let him know our position in the business and the income associated with that position. Fair disclosures are made, Quixtar opportunity is the best opportunity and it attracts the brightest and the best brains in USA. This is not a get rich quick scheme but a very legitimate business operation.Also giving personal financial records is like providing some ones financial statement, bank account information, this is very personal and I would not like my prospect to know my bank information, this resolution is totally irrelevant. All these new rules stem from poor knowledge of business operational rules and free enterprise system. I hope and pray that better sense prevails and God knows that we help people in this opportunity to make money.