|Received:||7/12/2006 9:31:34 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:1) I am an IBO (Independent Business Owner) with Quixtar and am answering the proposed ruling on "Trade Regulation Rule on Business Opportunities." I have been an IBO for 5 months and have met quite a few new people in that short time. When I registered I received plenty information to make an informed decision. And, if I had a question, I could call any other IBO and was provided with an answer. The prospects my husband and I have spoken with understand that the Quixtar business opportunity is not a "get rich quick" plan and that hard work is a requirement. I think that waiting 7 days to join Quixtar would be preposterous as a prospect can get there money back if they are not satisfied. 2) Giving prospects a list of references or 10 other IBO's information would infringe upon our privacy. It also penalizes a sponsor who would have to give his prospect contact information of other IBO's, any who might be happy to register the prospect themselves. It would also affect prospects on contacting their family and friends regarding the Quixtar opportunity. The new "prospect" would have to wait seven days before getting started. 3) I believe the FTC should eliminate the requirement to disclose past litigation. This ruling would misrepresent Quixtar and other legitimate companies to "false accusations" . This proposal doesn't adequately cover what a "seller" is. This would mean to me that IBOs might have to list all litigation involving Quixtar itself and the entire IBO force across the country. This proposal also doesn't state whether cases would be limited to the "seller", but even to filed cases with no merit. 4) Disclosing income requires a simple, standard and easily understood disclosure such as an average monthly gross income for 'active' IBO's. At this point we are not making a lot of money with our Quixtar business because of an adverse event in our family. 5) I don't believe IBO's should be required to provide prospects with personal financial statements but should possess substantiation when required by the FTC or other state agencies in an agency investigation. I feel it would be inappropriate to show our financial records to prospects as this would infringe on our privacy. If we as IBO's want to disclose our income it should be our decision alone.