| Comment Number: | 522418-04810 |
| Received: | 6/28/2006 1:53:55 PM |
| Organization: | |
| Commenter: | Miles Anderson |
| State: | ID |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My family and I have been involved with the Quixtar Corporation the business opportunity that it offers for over two years. In those two years our involvement with this idea has changed our lives. We have been able to create an income to give us more time with our family and improve our quality of life. We have been able to take family vacations and spend more time with each other which would never have been possible prior to our involvement in this idea. We are excited to continue our involvement indefinitely and wish to spend our lives sharing our story and helping other families spend more time together by decreasing the amount of hours that they have to work. In effect, our livelihood depends on this business and our ability to continue to earn an income helping others. We have read the details about the new proposal. We are extremely supportive of the position that every prospect should have the information needed to make an informed decision. We are in support of leveling the playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers and providing a reasonable cancellation policy. However, we are against specific provisions of the FTC proposal that would penalize honest IBOs and cripple their sponsoring efforts. We do not feel that requiring a seven-day waiting period before registration, disclosing past litigation and requiring financial records to prospects is necessary in reaching that end. Additionally, should these limitation be imposed we feel we will be severely inhibited in our ability to share the positive aspects of this business with others. It seems that we are encouraged more to share the negative sides of this business opportunity than the positive sides. We would like to see that we are required to bring success stories and how this does work for people. There is enough information readily available about the negatives and positives of building our type of business. We hope that you will consider a more reasonable approach to solving the issues that these requirements are trying to solve.