| Comment Number: | 522418-12776 |
| Received: | 7/17/2006 11:58:52 PM |
| Organization: | Quixtar |
| Commenter: | Jerry Bell |
| State: | AR |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been involved with the Quixtar opportunity for over 2 years. I feel the proposed rule will adversely and negatively effect my business for various reasons. First of all, no "promises" were ever made to me. I was told the full investment required (around $160) and was informed that a portion of it was refundable. I was never given "pie-in-the-sky" figures that were not fully attainable with some hard work. That seems to be the key. In no way was Quixtar ever presented as a get rich quick scheme or anything other than a business that would take a significant amount of work. Have I met all of the goals I set in front of me...No. That is simply because of my actions, and has had NOTHING to do with the opportunity. As a matter of fact, I planned on finishing college in 4 years, and it took me 5 and 1/2, yet no one is trying to regulate that. I have learned more in 2 years than that 5 and 1/2 years of collage. As far as the specific Issues, I feel a seven day waiting period would not, in any way, benefit a prospective IBO. I feel the freedom granted by the constitution of the United States would be violated if a prospect was NOT allowed to begin thier business until the government indicated they could. Furthermore, the requirement of IBO's to provide a list of "references" is also going to stir some constitutional issues. The right to privacy is one of the cornerstones of our society. If we put individuals on a list for contact simply because they are excercising the right to Free Enterprise, we are rolling the dice for a constitutional showdown. My profession is that of an Airline Pilot and I am also in Upper Management of an Airline. I have seen the levels of devastation regulation, and the subsequent de-regulation, can cause to an industry. This is an industry with a history spanning over 50 years, yet some bad apples are trying to spoil the bunch. I am a strong advocate of full disclosure of income regarding any opportunity. I have always considered Quixtar a wonderful opportunity and have serious concerns about this proposal. I agree, there must be some rules in place, but let's not cripple the American people because a few people want the Wal-Marts of the world to dominate.