| Comment Number: | 522418-05104 |
| Received: | 6/29/2006 5:17:56 PM |
| Organization: | Quixtar |
| Commenter: | Emerson Paulk |
| State: | AL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am absolutely in favor of making it safer for prospective participants to be protected from fraudulent activities. I do however believe that the proposed rules in this case would not accomplish that. If a "group" lacks integrity, 10 references or a waiting period would still leave the prospect subject to a "scam". I believe a mandatory money back guarantee and buy back guarantee, like Quixtar already has in place, would offer more protection; if those rules are not already in place in other companies. All of our prospects that we evaluate with the Quixtar business are provided with publicly accessible information that vouches for our credibility, i.e. BBB, D&B, Chamber of Commerce, etc. We make them go through about a week long evaluation process anyway; they come out and meet the team (10 refs.). They are handed out a FTC regulated compensation sheet which shows income potential. Really, It wouldn't hurt us at all, whatever you implemented, due to our exceedingly high levels of integrity and accountability, I would just hate for new affiliates to undergo an undue burden. Thanks to your efforts in protecting the public, we have been able to become Business Owners powered by Quixtar and it has absolutely changed our life. We have an outstanding association of people, we have a positive outlook on our finances and we are now a better family for generations to come!! Thanks, Emerson and Amy Paulk