|Received:||7/3/2006 8:56:41 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Gentlemen, let me start by saying that your proposed requirements for seven day delays in the registration process in and of themselves will very probably sound the death nell for the type of business I have experienced with Quixtar, and that such an event would be a highly regrettable cessation of a most valuable American opportunity. After a career spanning over five years and hundreds of prospecting appointments with couples and individuals, I can say from experience that with only the rarest of exceptions, when it comes to whether a prospect will go forward with a decision to pursue the opportunity, the following formula applies: "Delay = Death." Left on their own for even as much as 24 hours, excitement is replaced by misgiving, almost always usurped by misinformation. People deserve the opportunity to try. A mandated delay removes the chance for their success, in my experience and opinion, entirely. Yes, charlatans and predators should be exposed. Please in your efforts keep a mindset that the Quixtar business and any other similarly legitimate business is of enormous value and needs to be protected, not strangled to death. In the Quixtar business, one need not be successful financially in order to help another become successful financially. This fact is different from any other form of business. Financial disclosures from individuals as you have proposed are not an indication of a prospect's chances for success. Further, references from others in the area involved in the business are on the same principal not relevant, but do lend themselves to manipulation. My greatest concern is that you are working from a lack of understanding of the basic operation of this particular form of business, which varies from the common forms of so-called "conventional" businesses, but which upon examination by the U.S. courts has been called "perhaps the most legitimate business on Earth." As a veteran of the Quixtar business, I agree with that statement.