| Comment Number: | 522418-04823 |
| Received: | 6/28/2006 2:36:43 PM |
| Organization: | Quixtar |
| Commenter: | Wheeler |
| State: | UT |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To whom it may concern. I have been affiliated with Quixtar since 1999 and my wife and I have attained the Founders Platinum Level in our business. We have made great income outside of our traditional business and value the opportunity to be our own boss. Being a traditional business owner as well your proposal for these rule changes are in my oppinion what is currently defective with our current government as it relates to business in America. Your proposals are short sighted and will be inefective if passed. Crooks will always find ways around the regulations, and the honest guy has to jump through more hoops created by people who have no understanding of what it takes to make it in business or what is involved on a daily basis. You have enough regulations on the books to solve the current problems, you don't need anymore. You are assuming much here if the FTC thinks that the average American would know about the 7 day waiting period or that they can get a list of references or that they must have some type of disclosure. Add all the laws / regulations you like, the average person when it comes to a home based business is very uninformed when it comes to making a good descision or a bad one. I have been building our business since 1997 and not one person joined our business because I made them sign up. People do things for their own reasons. $500 or less for a business opportunity shouldn't even fall under the FTCs juristiction. Bottom line when I go to a Casino do I have to wait 7 days to enter the building and lose my money? Do I have to get references from 10 people who have lost or made money at the Casino? Does the Casino have to disclose its Profits to me at the door? For that matter, when I go to any business in America outside of the Direct Selling arena, do I have to wait 7 days to get help, get 10 references or ask the salesperson or owner for their last two years W-2s and bankstatements? Or does a list of all Legal issues past, present and BS have to be handed to me apon entrance into any establishment. I'm sure this common sense won't even be considered or this information be used, but here you go anyway. THE ONLY THING I BELIEVE EACH DIRECT SELLING COMPANY SHOULD HAVE TO PROVIDE IS THE FOLLOWING. 1. AN APPROVAL LICENSE / CERTIFICATION (1 PAGE MAX.)STATING THE FTC HAS REVIEWED THEIR COMPENSATION PLAN AND THE COMPANY IS OPERATING LEGALLY UNDER THE CURRENT GUIDELINES. They should have to obtain this to open their doors, and have this license renewed and reviewed every year. 2. A DISCLOSURE OF INCOME LEVELS / PIN LEVELS AND THE AVERAGE INCOME OF THOSE ATTAINING THE LEVELS. 3. AND A LIST OF PEOPLE WHO HAVE ATTAINED THOSE LEVELS SO THAT IT COULD BE VERIFIED THAT THE PERSON IS NOT LYING ABOUT THEIR STATUS IN THE COMPANY. (AGAIN, IF IT WAS ATTAINED AND THE DATE, NOT THEIR UP TO THE MINUTE FINANCIALS, THE DATE ATTAINED AND THE AVERAGE INCOME FOR THAT LEVEL ATTAINED WITHIN THE COMPANY). AFTER DOING THIS FOR 5 YEARS AND DEALING WITH THOUSANDS OF POTENTIAL BUSINESS PARTNERS. NOT ONE PERSON I HAVE MET WITH KNOWS ANYTHING ABOUT ANY OF YOUR CURRENT RULES.......YOU CAN'T MAKE PEOPLE LEARN, MOST DON'T CARE AND WON'T GO THROUGH ANY OF THE PROPOSED INFORMATION, THEY WILL GO ONLINE AND GOOGLE A COMPANY OR PERSON BEFORE THEY WOULD GO TO A BORING GOVERNMENT WEBSITE OR LOOK THROUGH A BUNCH OF GOVERNMENT DOCUMENTS. I WISH QUIXTAR HAD MORE GUTS TO STAND UP TO THE FTC AND HELP MAKE CHANGES TO THE CURRENT BOGUS RULES AND NOT ALLOW MORE USELESS RED TAPE TO BE PULLED OFF OF THE TAPE DISPENSER. YOUR PROPOSED RULES WOULD SIMPLY HINDER THOSE WHO WILL SUCCEED AND THOSE THAT DON'T WILL ALWAYS BLAME SOMEONE FOR IT (with or without your proposed regulations) Mr. WHEELER