| Comment Number: | 522418-01002 |
| Received: | 6/5/2006 9:18:02 PM |
| Organization: | |
| Commenter: | Lourdes Martinez |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear FTC member, I am writing this letter because I am concerned that if proposed Business Opportunity Rule R511993 is passed it will not only affect my livelihood but that of many enterprises. Governmental interference in the free enterprise process is not “American”. There has to be a line drawn on how far government comes into our lives as business folks and consumers. Are we not allowed to make our own choices? These actions bring fear in the hearts of Americans everywhere. The foundational values are at stake, and the FTC needs to reconsider its actions. I and my clients have had a positive experience with Nature's Sunshine. The company 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. The seven-day waiting period is unnecessary and ridiculous in my opinion. In that case, why not impose a 7 day waiting period on all decisions consumers make. Along with that, require companies to release all potential scenarios, negative and positive, about that decision. How about the decision to join a gym? All the upfront money it costs to join when the odds are I may only use it for the first year. Or what about purchasing a new home? Should the builder or seller disclose that owning a home requires a commitment to the home and it takes upkeep and if adverse financial circumstances arise you may lose your home if you can’t sell it quickly…etc. Should all potential homeownership scenarios be disclosed and have a 7 day waiting period? How burdensome and how and unnecessary. Let folks make up their own minds. While the intent of the FTC to protect consumers is appreciated, I believe this proposed new rule has many unintended consequences that could be avoided by a less burdensome approach. Regards,