| Comment Number: | 522418-00634 |
| Received: | 6/3/2006 12:12:14 PM |
| Organization: | |
| Commenter: | Emerson Allen |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Madam, I am writing to express an opinion about Business Opportunity Rule R511993. I am concerned that if it is adopted in it’s present form it will seriously harm my job as a Synergy WorldWide independent distributor. In addition, the very strength of the American free enterprise system is threatened by over-regulation. This proposed rule represents over-regulation. The FTC is needed to regulate when necessary and as necessary. My objections are: • A seven day waiting period is equated to buying guns. Aside from the bad impression this gives the business, it delays my ability to make lawful transactions and operate my business. The record keeping problems would be immense. • Litigation reporting doesn’t achieve anything and is not imposed on any front line business I am familiar with. It also says nothing about guilt or innocense, hence what does it achieve? • References should be an individual transaction between myself and the customer / client. Privacy issues and logistics make the reference stipulation of the rule impractical. • We need the FTC to target the bad apples of the industry, but without demeaning and penalizing the honest business builders. I am just starting in my business, and as such I’m upset that there are those trying to but massive roadblocks in the way of my efforts. I am a law abiding citizen, a responsible professional pilot and volunteer firefighter (so I know from regulation) and a new businessman. My involvement with Synergy WorldWide has taught me a great deal so far, and I’ve become involved with a local business organization in my community as a result. The products I can provide customers and the business opportunities I can bring to their lives are proving to be valuable to many people. As such, I am respectfully requesting that the FTC abandon this proposed rule. Thank you for your time. Regards, Emerson R. Allen