| Comment Number: | 522418-00742 |
| Received: | 6/4/2006 2:15:18 PM |
| Organization: | C.O.R.A.B. Synergyworldwide Independent Distributor |
| Commenter: | Anthony Phillips |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-00742.pdf Download Adobe Reader |
Comments:
Dear Sir or Madam, RE: FTC Rule R511993 I Anthony A. Phillips am writing this letter because I am concerned that if the proposed Business Opportunity Rule R511993 is adopted in its present form, my livelihood as a Synergy WorldWide distributor will be significantly undermined. The very thought of governmental interference in the free enterprise process strikes fear in the hearts of Americans everywhere. Cherished values are at stake, and the FTC needs to be aware of the dangers of ill-considered action. The public is not well served by the FTC’s over regulation of an industry that is causing absolutely no harm and more than adequately polices itself by remedying any and all complaints by members of the public. Synergy WorldWide complies with all applicable buy-back requirements and always makes it easy for individuals to exit the Company, if the business opportunity is not right for them.Therefore it is important that we keep private industry and Government seperate in this matter! While the FTC needs to protect the public where necessary, this proposed rule is hopelessly overbroad and misguided. The seven-day waiting period is unnecessary and will interfere with my ability to enter into lawful transactions and enroll new distributors. People buy TVs, cars, and other much more costly items without such a waiting period. This proposed waiting period gives the impression that something is wrong with the plan. And, the burdensome paperwork, which will not even be read by the public, makes it extremely difficult for the individual participant to fully comply, thereby risking fines and other penalties for such failures, however innocent. By these actions, the FTC does a disservice to the consuming public and Americans everywhere who are trying to get ahead by starting their own business, or adding necessary supplemental income to their family. I know that these business contributes the extra 250.00 on average per month that a family would need to avoid Bankruptcy Statistically speaking and this has been proven! While I appreciate the work of the FTC to protect consumers, I believe this proposed new rule has many unintended consequences that could be avoided by a less burdensome approach. Thank you for your time in considering my comments. Sincerely yours, Anthony A. Phillips C.O.R.A.B.