| Comment Number: | 522418-04580 |
| Received: | 6/27/2006 1:51:27 PM |
| Organization: | |
| Commenter: | Brandon Boyer |
| State: | MO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
While I respect the FTC's attempt at stopping fraudulent money-making schemes, the proposed rule contains items that I believe will severely hurt certain legitimate business opportunities, namely the Quixtar opportunity. I have been an Independent Business Owner with Quixtar for 3 years and whole-heartedly accept this form of business as a key to my financial future. I had every resource available to me at the time I registered and as an IBO, I do the same to everyone I introduce to this business. Everyone that registers with our individual business is given a full and complete refund on their registration fee if they choose to quit after signing. With regards to the requirement to provide references, I believe that is a violation of privacy. Every person that is interested in registering with our particular business has the option to personally meet other IBO's during informational meetings should they be interested in doing so. I feel that the requirement to provide personal income information is also a violation of privacy. Our business is based strictly on perfomance, not how long someone has been an IBO and providing personal income information could be misinterpreted if an IBO has not been active for several years and makes little or no money. A prospective person may interpret that as this business not being able to produce a reasonable income, when in fact a substantial income is possible with effort. The requirement to provide a litigation list would seem like a good idea, but that could pose many problems to legitimate businesses such as ours by creating a list of possibly false allegations. Admittedly, most if not all large companies are tied up in litigations, and while some are substantiated, there are numerous false claims that someone new to that business could take as truth and therefore hinder their growth. I support the FTC's proposed ruling, but if these issues are not addressed, I fear this would be detrimental to the growth of my business and those I partner with as IBO's. Please take these comments into consideration on this ruling.