|Received:||7/13/2006 4:39:43 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I think these proposed regulations are fantastic! Quixtar does not need to fear or protest reasonable measures like a seven day waiting period, IBO references, or full disclosure of past and present litigation against the company. I am not currently an active Quixtar IBO (I am not promoting the business to others) because I myself became uncomfortable with the pressure to sign people up immediately. The feedback from my upline regarding this ruling is that it would be a "catastrophe" if we had to wait seven days to sign up new IBO's. I completely disagree. I think a reasonable waiting period not only lends credibility to a business of this type; it also allows prospective new business owners time to think and gather information. The nature of a business like Quixtar means that IBO's can easily get caught up in the excitement of growing faster and faster, and can unfortunately subordinate ethical business decisions to the newest effective tactic that allows rapid growth. Unfortunately, this means that more people join the business too hastily, lose money, and have a negative experience. These regulations would put a reasonable brake on this type of activity and encourage honesty and transparency, two qualities which I feel were sadly lacking during my time as an active Quixtar IBO. As a concerned IBO, I strongly encourage the FTC to pass and enforce these rules, especially the seven day waiting period.