| Comment Number: | 522418-04971 |
| Received: | 6/28/2006 11:45:48 PM |
| Organization: | |
| Commenter: | Bobbie Valente |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To whom it may concern: My husband and I have been involved in the Quixtar business for several years. We have experienced many benefits. The greatest benefit has been the ability to create enough residual income, while being employed full time elsewhere, to leave my full time job, in order to stay home and raise my 4 children. Other benefits have been the opportunity to have a business where we can help others to achieve their goals, and teach our children the value of the free-enterprise system. While we are pleased that the FTC is trying to eliminate fraudulant business opportunities, however, we are concerned about some of the proposed solutions to such fraud. Some of our concerns are: 1. The proposal to require a waiting period before a potential business owner can register with the business. This would create a huge detriment to growth. The registration fee is so minimal, and the Quixtar company offers a 100% money-back guarantee on any purchase made. 2. The proposal to provide personal references to prospective business owners. This would infringe upon a person's right to privacy. 3. The proposal to provide litigation information to prospective business owners. This would impose unnecessary doubt on the opportunity. In our litigious society, lawsuits against any one person, does not reflect any particular, legitimate business as a whole. I can't think of any successful company, or agency that does not have its share of lawsuits. 4. The proposal to provide disclosures for every income claim. This would be very cumbersome and confusing to prospective business owers. Business owners already provide prospects with a general claim of average earnings per business owner. 5. The proposal to provide personal financial statements or proof of personal income. Once again, this is an issue of "privacy", and should only be provided if an IBO is under some kind of investigation. The Quixtar business, and Alticor, as a parent Corporation are models of integrity and good business ethics. They have provided opportunities for the average person to own their own business and share in the full potential of the American economic system. We strongly hope that the FTC would not impose any restrictions or rulings that would hurt the success of this business. We have been very grateful to have been given this opportunity. Sincerely, Bobbie Valente