| Comment Number: | 522418-11100 |
| Received: | 7/17/2006 2:14:42 AM |
| Organization: | Quixtar |
| Commenter: | Larry Hedden` |
| State: | NV |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
First I would like to thank you for trying to protect consumers. I believe the rules that you presently have in place are sufficient to protect people from deception in business's like those that try to copy Quixtar. I have been a quixtar IBO since it began in 9/1/99, I am living proof this is not a get rich quick business, (I was told that prior to becoming involved) I was also informed that this business is based on a individual's work, effort and willingness to personally grow. (far better than where I work it is all politics and personell opinons of a few in upper management) Some of the benefits this business have provided to me, is the personal growth progam, it has increased my income in my job and put in me in a postion for advancements and my most recent promotion provided me with a 25% pay raise! In Quixtar I recenlty hit the 2500 point level. Overcoming my own fears and stubborness have been the hardest part. When I first registered I recieved more than enough information thru the sa-4400 (earnings disclosure ) and other information from quixtar and my sponsor to make a educated decision, I feel there is no need for additional disclosures other than the ones presently provided to prospects. The simple disclosure as we use now Stating, the average monthly income for active ibo's. Further I feel no waiting period should be required for business's like Quixtar because we have a money back guarantee, That is is the best insurance that people don't decieve people, they can recieve a refund. Another requirement to provide references I don't believe is benifical because, in Quixtar we always introduce new people the support team and other ibo's where they can get personal experiances from those business owners, disclosures like you are proposing serve no useful purpose because dishonest business's could still misrepresent fact just like they do now. You should also get rid of the Litagation requirement, You don't require Wal-Mart or Sears or any other company to publish and make avalable all their litagation, I thought a person or company is INNOCENT until Proven guilty, I think this will just incourage more liagation and does not provide a useful barometer to measure a business. In Summation I believe that the new proposed rules will hurt legitimate business's like Quixtar and Dishonest companies will STILL Disobey the law & decieve people, continued enforcement of present laws and vigorsly pursueing those being dishonest and misrepresenting an opportunity is the BEST course of action. Quixtar has changed alot of peoples lives for the better (mine included) I just want the continued minamal regulation, to enable me to help as many people as I can to improve their lives. Thank You. Larry D. Hedden