|Received:||7/14/2006 2:23:52 PM|
|Organization:||Dream to Achieve Your Finalcial Freedom|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:To whom this may pertain: For the past four months I have been an Independent Business Owner[IBO] associated with Quixtar, and, in my opinion, being an independent owner of this business is God-sent. The reasons are as follows: (1) The Quixtar business operating principles are based on highest ethics and moral values. The founding principles listed in the book: “Compassionate Capitalism” by one of the two founders of the business and its concepts, Rich DeVos has exceeded my expectations of how a business must be run! [I highly recommend you read this book] (2) On an everyday practical terms, I am completely satisfied with the soundness of the business concept and compensation plans. (3) As an Independent Business Owner, the intangible benefits that I get is phenomenal and was not expected, such as, HONESTY, INTEGRITY, LOVE FOR FELLOW MAN, ETC. that seem to be incumbent with the everyday conduct of this Independent Business--due to the fact following these precepts is the KEY for many thousands of very successful IBOs. (4) To me, one of the most attractive features is this: It sounds like an oxymoron, but it is true that: The way any IBO fulfills his/her true financial freedom is to help enough others to achieve THEIR financial freedom. As you can tell, I can not say enough great things about Quixtar Business. Now, the proposed rules by the FTC can and will have a detrimental effect on my and all other IBOs’ dream of achieving true financial freedom. One of the reasons for this nation to have achieved prosperity was and is the freedom contained in the ‘free enterprise system.’ God forbid the proposed rule changes by the FTC to diminish this freedom for TOTALLY ETHICAL AND HONEST BUSINESS SUCH AS QUIXATR. In conclusion, I convey my views in the strongest terms the following: • Eliminate the waiting period, at least for opportunities like Quixtar where a prospect can get his money back if not satisfied. • Eliminate the requirement to provide 10 references • Eliminate the requirement to disclose past litigation. Eliminate the requirement to disclose past litigation. If disclosures are needed, require a simple, standard, easily understood disclosure such as "average monthly gross income for 'active' IBOs." IBOs should to disclose it except when required by the FTC and similar state agencies in an agency investigation. Possess substantiation for any claim but should not be required IBOs should possess substantiation for any claim but should not be required to disclose it except when required by the FTC and similar state agencies in an agency investigation. Thank you, Joshua Kim This requirement would infringe on the privacy of every IBO whose name, address, and phone number was provided to prospects. It would also penalize the sponsor, who would be required to give his prospect contact information for 10 other IBOs, any of whom might be happy to register the prospect themselves. Solution: Eliminate the requirement to provide 10 references. Among other problems, this requirement would open up Quixtar and other legitimate companies to false accusations. Meanwhile, dishonest companies would simply ignore the rule. Solution: Eliminate the requirement to disclose past litigation. This would include any examples you might use during an opportunity presentation to illustrate how the Plan works. Solution: If disclosures are needed, require a simple, standard, easily understood disclosure such as "average monthly gross income for 'active' IBOs." Solution: IBOs should possess substantiation for any claim but should not be required to disclose it except when required by the FTC and similar state agencies in an agency investigation.