|Received:||5/15/2006 11:46:20 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:This new rule, if not modified, represents a significant burden to the free market trade in our largely decentralized economic system. I am opposed to a seven-day waiting period, because it is an excessive administrative burden and an impediment to new busines development. In essence, one would have to sell a person twice on the same business--even if the start-up fee is a mere $19.95. The network marketing industry is one of the few remaining opportunities for people to earn additional income or to create a new career. I am new to network marketing but in attending some seminars and conferences I have met some wonderful, Christian people who are making money in new careers, and I have been introduced to some of the best products. As a retired individual on a set income, the extra money helps satisfy some of our "wants", and it gives me the opportunity to teach others who are serious about having a home business through network marketing. However this Rule would strongly encumber the process. We live in a free market economy where people have the responsibility of making informed decisions based on best information. A better approach would be to provide consumers with objective criteria when analyzing a business opportunity and let an informed market proceed. I am in support of the disclosures that should be made during the sales process without the requirement of a seven-day waiting period, only if modified as suggested: Oppose being forced to provide written substantiation because it is an excessive burden considering the investment of money to enter into the business is nominal. I support the disclosure of previous litigation ONLY if the party is found guilty. I am recommending that contact information for purchasers be availablel upon request, that their availability be published on company materials, and that due to Internet-marketing, they not be limited to geographic proximity. I am mailing a two page letter that more clearly explains my position, but I have covered the essential points. Thank you in advance for reviewing and posting my comments.