| Comment Number: | 522418-05871 |
| Received: | 7/4/2006 12:24:46 AM |
| Organization: | Pierce Enterprises |
| Commenter: | David Pierce |
| State: | UT |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sirs, I wish to comment on the restrictions proposal for multi-level type businesses. I have been an independent business owner with Quixtar Corp. for about 7 years. Not only does it give myself and my family a secondary income source but it helps us in many other areas of our personal and family life. We love this business for what it can do for us and others. When we registered we were given all the infomration we needed about this business right up front and I never felt I was misled in the least. We pass this same courtesy on to those we sponsor in the bsiness as well so they are fully educated on their decision. When presenting the business to someone we always tell them and show them that this is not a get-rich-quick thing and that it will take time and effort on their part. We inform our prospective IBO's that they will pay approx $45 to register with Quixtar and about $65 for a product pack. We advise them that this is 100% refundable within 6 mos of their registration date if they so choose. A seven day waiting period would only prolong the new persons ability to start their business when they are usually eager to get going. If they then had to wait another 7 days to register another prospective IBO it would slow profits for my business and theirs as well. Providing references to a new IBO would be unnecessary as they will be meeting these people anyway. Providing a list of litigations against myself or Quixtar would be intrusive as well as time consuming. If they wish to know this information they can get whatever they need from public records. The proposed requirement to provide personal earnings documentation is intrusive also. How many businesses are required to provide earnings of their corporate heads and middle management to a prospective employee? Why should they? It is a personal matter and nobody elses business. Please don't allow these provisions of this FTC proposal to pass. The proposal has many good merits but these listed here are inapropriate. Thank you for your time. David Pierce