|Received:||6/28/2006 11:02:06 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:While I agree with the motives behind this proposal, I must disagree with the manifestation of those motives. Perhaps there could be a better way to weed out these illegal scheme type businesses without inhibiting the business of legit companies such as Quixtar. It seems to me that this proposal places a stumbling block before every IBO's business and really doesn't accomplish anything. These rules are unneccessary in my opinion. Speaking from experience I cannot see this proposal benefitting any potential IBO's or any current IBO's. Everything from the waiting period, to the disclosure of financial statements, to the referral of other IBO's seems ridiculous. Granted the Quixtar opportunity is not conventional business, but it is still a business and this type of idea would never become law for any traditional business. I think that this would directly affect the income of every IBO and hurt the new IBO's as well, thus hurting the economy as a whole and creating an atomosphere that could hurt this wonderful opportunity and what it can do for people. Once again this appears as a restriction on the growth and sponsoring rate of the business, a stumbling block. When you make it harder and more complicated to sponsor or be sponsored you are hurting everyone involved and their income. By adding this new type of law, in my opinion, it would not aid any prospective IBO any further in creating an informed decison as to the validity of our business. I believe there is enough information available right now with the resources that are provided from various companies, websites, etc to allow any potential IBO or customer to realize the legitimacy of our business. It is my belief that this type of law would create a ripple effect that would damage the lives of thousands of Americans and takes away from the spirit of free enterprise by placing unnecessary restrictions, thus slowing the growth rate of every IBO's business. I hope my comments are taken into consideration by the FTC and I also hope that we find a better solution to stop the illegal businesses without hurting the ones that are actually beneficial to society. To hurt an opportunity like ours is like America shooting itself in the foot, economically speaking, from my point of view. Thank you.