| Comment Number: | 522418-07973 |
| Received: | 7/12/2006 7:20:35 AM |
| Organization: | |
| Commenter: | Curt & Nancy Thomas |
| State: | KS |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
We have been Quixtar IBO's since 1987. We have found the business very rewarding in all ways-financial, family and personally. Our success in the Quixtar business has afforded us the opportunity to spend a great deal of time with our children as they grew up and still today and allowed us to expose them to a variety of people and cultures. We have approached the Quixtar business as a professional business as we have our professions in hospital administration and clinical psychotherapy. We are careful to offer our prospects as much information as they need to make an informed decision. We are clear with them that success in this business, as in any, takes work and time. We believe it is crucial to provide prospective IBO's with plenty of information to make an informed decision. Otherwise, it would be deceptive and eventually destroy the very business we are trying to build and eventually pass on to our children. The FTC is to be commended in its effort to protect these prospects and the industry. However, there are a few proposed rules that would significantly harm that purpose. We propose the following: 1. Eliminate any waiting period before registering and if necessary, add a money back guarantee. It can be very costly for us to return later and register them. Quixtar has a money back guarantee in place and has had for many years. 2. Eliminate the references requirement. It would infringe on the privacy rights of those given. It could potentially penalize the sponsor as the prospect could be "stolen". 3. Eliminate the requirement to disclose litigation. It would be "open season" on legitimate companies to be falsely accused while the companies this proposal is designed to address would just ignore the rule. 4. Eliminate the disclosure for every income claim. Instead, insist on a simple disclosure such as "average monthly income." 5. Eliminate the requirement to substantiate any personal income claim. It would infringe on our privacy. That documentation could be available to the FTC and other appropriate agencies if an investigation is necessary. Again, we applaud the FTC in its efforts to protect individuals and our legitimate industry. Thank you for a chance to submit these comments. Curt & Nancy Thomas