| Comment Number: | 522418-05780 |
| Received: | 7/3/2006 2:33:28 PM |
| Organization: | Quixtar |
| Commenter: | Lawrence Callaway |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
After reading the proposal I think there are positives and negatives. The positives are creating and making sure there is a legal level playing field for ALL interested. The negatives are disclosures and delaying registration. Those not only delay growth, but sometimes extinguish a rapid growing fire and our business is fueled on excitement of great products and great business partners. Financial records should not be released. This is a home-based business most people that start this are looking for added income to help with flaws in their current budgeting so releasing that information to prospects is somewhat flaed. If we have to carry around quixtar's taxes over the last 10 years it would be confusing for most individuals, I think that it is unneeded. Again level playing field is great to get rid of illegal scams, but delaying registrations and different sorts of disclosures are not something I support.