| Comment Number: | 522418-01394 |
| Received: | 6/8/2006 3:51:46 AM |
| Organization: | |
| Commenter: | MARTHA DIPALMA |
| State: | FL |
| 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 this letter because I am concerned that if proposed Business Opportunity Rule R511993 is adopted in its present form, the livelihood of many Nature's Sunshine distributors will be significantly undermined. The FTC needs to be aware of the danger of governmental interference in the free enterprise process. This proposed action should strike fear in the hearts of Americans everywhere, because cherished values are at stake here and the public is not well served by the FTC's overregulation of an industry that causes absolutely no harm. It more than adequately polices itself by remedying any and all complaints by members of the public. Nature's Sunshine is in compliance 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. While I believe that it is important for the FTC to protect the public, this proposed rule is misguided. The seven-day waiting period is unnecessary and will interfere with my ability to enroll new distributors and enter into lawful transactions. This proposed waiting period gives the impression that something is wrong with the plan. People buy TV's, cars, and other much more costly items without such a waiting period. And, the paperwork, which will not even be read by the public, will make it 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 consumer and to Americans everywhere who are trying to get ahead by starting their own businesses or who are trying to earn supplemental income to help support their families. Although I appreciate the work of the FTC in trying to protect the consumer, I believe this proposed new rule will have many unintended consequences that could be avoided by a less burdensome approach. Thank you for your time. Sincerely yours, Martha DiPalma