|Received:||7/17/2006 11:21:06 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Sir, We have been registered as IBO since 1990. We were given all the information we needed before we registered. All our questions were answered and we were assured of the full refund if we decided to not be active. We have reached our goal and now are in a position where we do not have to worry of the additional requirement after the Social Security payment. We have benefited tremendously not only on the financial side, we have met and made so many good friends that we would never have met otherwise. We have decided to be active for ever and are happy to share this opportunity with as many people as possible. We do our utmost to show them the possibilities of the effect on their life and family if they choose to do this business with honest effort and a good heart. I would urge not to impose the following rules for the reasons mentioned herewith: THE PROSPECTS TO WAIT FOR 7 DAYS TO REGISTER. This rule will make it hard for the new prospects to be able to register their prospects and can be influenced by the negative opinion of the people who are ignorant about the opportunity. THE REQUIREMENT TO PROVIDE 10 REFERENCES. The references provided may be active or not, enthusiastic or not, they may object to providing personal information to the prospects they have nothing to do with. Those references may in turn register my prospects by inticing him with various promises. We do have a system where our prospects meet other references at various meetings before they may register. They are always encouraged to interact with other references and get all the information they need for themselves. THE REQUIREMENT TO PROVIDE THE LIST OF LITIGATIONS. It may not be possible to provide the completer list of litigations which may include so many cases of no merit and the ones which may be against any individual person or people who were involved in deceptive practices. THE REQUIREMENT FOR SPECIFIC EARNINGS DISCLOSURE. Since we are independent business owners we decide what to charge our customers. It may vary for different customer for the same product or service. This may discourage the new prospect. We do however, provide all the information necessary and may recommend what they can do and leave upto them to decide. THE REQUIREMENT FOR FINANCIAL SUBSTANTIATION. We do show (if and when requested) the various expenses which are all voluntary, the earning statements and what ever information may be disired. Everything is up and up. The clear the prospects are, the educated decision they can make for themselves. My request will be to not implement any of these rules. Implementing them will make it difficult to the business and may discourage many prospects and the prople who are already registered to avail of the QUIXTAR opportunity. Thank You, Ramesh Hinduja.