|Received:||6/13/2006 2:11:10 PM|
|Organization:||Fortune Hi-Tech Marketing, Inc.|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Dear Sir or Madam: I am writing this letter because I am concerned about the proposed Business Opportunity Rule R511993. I believe that in its presented form, it could prevent me from continuing as an Independent Representative of Fortune Hi-Tech Marketing, Inc. I have been an independent Contractor for more than 30 years. Originally, I started my Network Marketing business to allow my wife to be able to stay home with our children and because of the products I loved them and wanted to earn some additional money. Now my family depends on this income. It has been our career and sole support for over 30 years. Please don’t destroy my small business we need it! Some of the sections in the proposed rule would make it hard or almost impossible for me to sell my products and services and to be able to expand and grow our business. This waiting period will give the public the idea that there’s something wrong with me or our plan and also reflects badly on me. I also think this seven-day waiting period is unnecessary, because Fortune Hi-Tech already has a 10 day grace period if someone decides they do not want to partiscipate. One of the most difficult sections of the proposed rule is the seven day waiting period to enroll a new Indepentdent Representative. This part of the business is already very difficult without a waiting period. The startup costs in our company run from $75.00 up to $299.00people buy TVs, cars, and other items that cost much more than that and they don’t have to wait seven-days. Under this waiting period requirement, I will need to keep very detailed records when I first speak to someone a prospect and will then have to send in reports to my company. I am a small home business and this burden hurt or destroy my business. This proposed rule is bad! Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. I am glad to provide references, but in this day of identity theft, I am very uncomfortable giving out the personal information of individuals (without their approval) to strangers. Women in my organization may be subject to sexual or racial harassment so this part can’t go in at all, unless the FTC passes an addition to this rule Prohibiting sexual or racial attacks related to this disclosure. In the end the rule must bind the FTC to take direct enforcement action on sexual and racial attacks with a special unit assigned to monitor actions related to the disclosure forms. I have seen many scams on the Internet and been approached by many crooks because of my success. This rule will do nothing to stop them. They hurt my business! This rule will not stop Crooks – they violate the current rule all the time. But I am a good American citizen and it will hurt me. Thank you and please help me.