| Comment Number: | 522418-04771 |
| Received: | 6/28/2006 10:54:52 AM |
| Organization: | Quixtar IBO |
| Commenter: | James R Koski |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Eventhough I agree with your intentions of controlling the influx of disreputable "get-rich-quick" business scams, there are several parts of the propsed ruling that would basically harm reputable businesses as well. The 7 day wating period is wrong especially if the company offers a money back gaurentee program as does Quixtar. The financial disclosure part is too severe. Company averages posted in public data should be adequate. Personal disclosure would pose too severe a handicap on people just starting out in the business. I have been a registered IBO with Amway and then Quixtar since 1992 and all of my experiences have been of a positive nature.