|Received:||7/17/2006 12:09:23 AM|
|Organization:||Global Business Owners Alliance/Serritella Enterprises/IBO#1299940|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO, with Quixtar, since March of 2000. I registered in the hope of not having to go to a 'big box store-ex]Walmart' three to four times a week for home necessities. Three to four months later, there was, to my suprise, no need to physically go to a 'big box store', if I did not want to. This business opportunity has given me direction toward and an appreciation for my own 'free enterprise business'. My Quixtar business is the most efficient and convenient way(with 100% money back guarantee within six months), of shopping for quality products to maintain my home. While attaining my goal, I also gained access to an 'American Dream of Freedom and America's Free Enterprise Opportunity'. My Quixtar business is affordable, with unlimited potential for a better way of living and working, than I have found so far. At the time I invested my money, I was promised nothing except to be on a team of other IBOs who I may or I may not work beside; it was at my discretion. The 'persons' I registered with, I work with, and continue to work with are 'persons' who have a way of being and dealing with life,and living life, in a positive and forward looking way, than I have found so far. I have not found or saw or even heard of anything that could possibly allow me the hope and direction I possess today. I am extremely concerned about these three points of the newly proposed (FTC) 'Trade Regulation Rule on Business Opprtunities'. 1) Prohibit prospects from registering as IBOs until seven days after they receive a disclosure document. (a)Should not require a seven day waiting period; at least for opportunities like Quixtar, where a prospect can get their full money back if not satisfied. This is a reasonable cancellation policy. 2) Require IBOs to give every prospect a list of 'references'-contact information for ten other IBOs in the area. If so desired, by new prospects, this information is easily gathered and, I have always found, gladly given. (a)I have always been able to attain any information on other IBOs in this Information Age that we live in today. 3)Requirement of financial records to be disclosed or even substantiation for every income claim to all prospects is not appropriate. (a)Reasonable business disclosures that are fair and help consumers make wise choices, I feel, create a level playing field. Requiring clear, simple, and statndardized income disclosures, that apply to all direct sellers is what is definate and true. Every individual is in control of their own business or should be. The responsibility of research and being able to directly specify what every individual business is to be or become, in my opinion, is what makes this American Democracy so desirable. .