| Comment Number: | 522418-01158 |
| Received: | 6/6/2006 4:59:19 PM |
| Organization: | OM-Rainbow Bridge |
| Commenter: | Alisha Kaiser |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
The proposed Seven-Day Waiting Period is just another bureaucratic money eating machine that will cost both the taxpayer, the associated businesses and their employees. We are adults perfectly able to do our own research on businesses we are considering investing time and energy in and don't need a watchdog to do it for us at the taxpayers expense. The internet is full of information about the pros and cons of a company and their business practices. All they have to do is take the time to look and do some research. For those honest people who are trying to make a living, this proposed rule would: -Casts direct selling plan in a negative light; -Leads to record keeping and administrative problems; -Causes unnecessary delays. In adddition, Litigation Reporting is a matter of public record and it is unfair to target select groups. Also, the proposed reporting does not distinguish between winning and losing lawsuits. Furthermore, the requirement to provide the 10 nearest distributors is a burdensome and costly and raises privacy issues due to ID theft and safety. I understand there may be fraudulent groups out there, but the FTC's proposed rule would unfairly target legitimate direct selling businesses. This proposal is not the answer. It's time to go back to the drawing board and find a solution that will really work and not just implement another bureaucratic watchdog that unfairly targets innocent people.