| Comment Number: | 522418-06419 |
| Received: | 7/6/2006 10:19:02 AM |
| Organization: | Quixtar.com |
| Commenter: | Timothy Fredericks |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear FTC, I have been an IBO with Quixtar since 2000. Since being with Quixtar, I have been able to bring my wife home from work so she could be a full time mother to our 3 children. Our next major goal is to be able to bring me home so that I can be a full time father. In addition to the extra money our business has helped us make, there are many other benefits that were not seen when I first took a look at the buisness plan such as being able to get out of debt, teaching our kids responsibility, re-affirming our beliefs in God and Country, and improved relations with our fellow man - friend or stranger. The people involved with the Quixtar opportunity have the highest degree of integretity, ethical, and moral standards possible. While being in favor of rules and regulations that support honesty, integrity, and ethical standards, the rules need to be written to allow legitimate businesses to succeed and those that violate the rules to be punished. I feel that requiring a 7 day waiting period for a potential IBO to register would cast a shadow of doubt over the legitimacy of the business plan. It would automatically cause potential IBO's to suspect that there is something wrong and may cause them to change their mind about about getting started. In addition, if the potential IBO is ready to get their business started immediately, a 7 day waiting period would make it impossible for us to help them do that and it would hamper our ability to help them start creating income for themselves. Creating this type of requirement would cast a shadow of doubt over all legitimate business opportunities. This rule does not punish the illegitimate opportunities, just makes all business opportunities suspect, further muddying the waters between legitimate and illegitimate opportunities. We strongly encourage all potential IBO's to gather enough information to make an intelligent decision before getting started. For each person that is a different level of information. Each person will take whatever time is needed for them to feel comfortable in the decision to get started or not. In addition to the 7 day wait rule, creating a rule to disclose all litigation over the past 10 years would prove to be insurmountable requirement to have to meet. Since the term "seller" is not cleary defined this would mean that I as an IBO would have to provide information on every case against Quixtar as well as any case brought against any one of the hundreds of thousands of registered IBO's that participate in the Quixtar opportunity. This means that I would have to be aware of any and all cases at the local, state, and federal levels and have a listing of them to provide to any particular person I talk with. Given I am not a lawyer, I wouldn't even know were to begin to obtain this information. In addition I would spend more time having to keep this list current instead of growing my business and helping others do the same. This requirement may do more harm than good because odds are any successful, legitmate opportunity will have more litigation against it than a nonsuccessful, illegitimate opportunity. In the eyes of a prospect it can make the legitimate opportunity look worse than the illegitimate opportunity and cause prospects to favor for the illegitimate opportunity. Entrepreneurship is a corner stone of the foundation of this country. Care should be taken to craft rules that help legitimate opportunities flourish and punish those opportunities that seek to take advantage of people. If rules are written in such a manner that they confuse the line between right and wrong, people will be afraid to venture out and try something to help improve their quality of life because they may not meet all of the rules. As a citizen of the United States I am proud to participate in a business that helps people fight for their financial freedom using the same principles that this country was founded on: love of God, man, & country