| Comment Number: | 522418-04697 |
| Received: | 6/28/2006 12:10:33 AM |
| Organization: | BWW/Quixtar |
| Commenter: | Jeremy Anderson |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I believe in leveling the playing field and getting rid of the schemes, pyramids, etc. and allowing real business opportunities, such as Quixtar and its IBOs to flourish. However, by requiring seven day waiting periods, calculations, and substantion you are extremely limiting the ability for IBO's to help their prospects. Yes, require a standardized income disclosure sheet -- dishonest people are dishonest and having them do calculations will not solve anything. A dishonest person will find ways around references too. A new IBO won't have 10 references anyway to give his new IBO. I totally disagree with disclosing claims from the past 10 years. All these are were claims and claims don't prove a thing. If Quixtar was guilty of something, they can disclose that but putting every stupid claim from those people that tried the business and quit, is not fair to those really building it and making it work. This proposal needs major work and if passed as is would force alot of IBO's to fail in buisness -- leaving many people without the ability to impacted positively as my wife and I were. One standardized income disclosure sheet. Have a cancellation policy NO 7 day wait period NO references NO past claims against -- this is really unfair. NO financial records -- this is private. Thank you for the concern against the schemes, and let's find a better way than this proposal to eliminate them.