| Comment Number: | 522418-06298 |
| Received: | 7/5/2006 10:31:34 PM |
| Organization: | Quixtar |
| Commenter: | Eric Black |
| State: | IL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom it Concerns, I write this note for two reasons. The first is to thank the FTC for trying to protect against immoral and illegal business schemes with this most recent proposal. I think that these types of get-rich-quick schemes damage the credibility of the legitimate businesses out there. Secondly, I would add that some of the specifics in this proposal are, in my opinion, misguided. As a pharmacist and community pharmacy owner, I decided to pursue the Quixtar opppurtunity after thoroughly examining it and its parent company, Alticor. My reason for doing this was to diversify my income in another way. So that my "eggs weren't all in one basket". I have been a IBO for some 2 years and have registered into my business 10 other IBO's. I find it disturbing that this proposal would require a waiting period and a litigation list to be given to each prospect. It is insulting to my intelligence and I would hope others too that we might not be smart enough to research a given business oppurtunity by ourselves. We do not need yet another piece of red tape to "protect us". This is the opposite of the free enterprise sytem that has made this country great. The Quixtar corporation always has been forthright with me about everything that it does and doesn't do. And I in turn have been so with my prospects. My prospects are always notified that all monies can and will be refunded within a year if need be. It is my opinion that these types of additional requirements by the FTC on my from-home business will be detrimental to its profitability and to the profitability of my future associates businesses. A week's waiting period is a long time especially considering that most of a new IBO's momentum and thus profitability is won or lost in those first weeks. Please consider my comments and I am sure other IBO's comments carefully as you weigh this proposal. I am of the opinion that "less is more", especially in the case of government intervention in private business. Sincerely, Eric Black R.Ph