| Comment Number: | 522418-08634 |
| Received: | 7/13/2006 4:19:25 AM |
| Organization: | T & E International |
| Commenter: | Catherine Yeager |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have proudly been a Quixtar IBO that has reached the Q-12 and Ruby levels, and I am very familiar with the integrity of the Quixtar Corporation. I am in support of the position that every prospect should have the information needed to make an informed decision; however, I am against specific provisions of the FTC proposal that would penalize honest IBOs and cripple their sponsoring efforts. Quixtar is not a fraudulent work-at-home scheme, pyramid scheme, or any other get-rich-quick" scam. Quixtar is an honest, tried and true business opportunity that has been investigated and found to be just that, an honest opportunity for anyone, regardless of their race, color, or creed. I am in favor of the solution to eliminate the waiting period for opportunities like Quixtar where a prospect can get his money back if not satisfied. I am in favor of the solution to eliminate the requirement to provide 10 references. I am in favor of eliminating the requirement to disclose past litigation. I am in favor of a disclosure, IF NEEDED, requiring a simple, standard, easily understood disclosure such as "average monthly gross income for 'active' IBOs". I believe that only in the case of an agency investigation should a substantiation for any claim be required to be disclosed. I believe there are less burdensome ways to accomplish the goal of providing every prospect with important information. I appreciate your consideration of the above. Thank you.