|Received:||6/14/2006 11:48:03 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am truly disheartened by the proposal of this new rule, Business Opportunity Rule, Matter No. R511993. It is truly unfair to all legitimate businesses. Why should those of us actually trying to run a honest and fair business be burdened by such a rule when it is brought on by those that are "scamming" and cheating people? We should not. This Rule would require the release of personal information and that is truly a privacy breach for those people that get their information sent out to others supposedly researching new business opportunities. This will simply allow more scammers to get information that they would not otherwise have and use it to their advantage to scam those that are actually running a business. I feel that the current $500 or more limit should remain intact, as that is a substantial amount for some but just a drop in the bucket for others. If the investment is less than that and a person cannot afford to lose whatever amount is asked to be involved with a business, they should not get involved in that business. Every business has risk and often there is no way to know for sure what that amount of risk is. It may vary from month to month. It may decrease but it may also increase down the road. Please do not allow this Rule to pass and leave the current Rule in place with the $500 or more criteria in place. Thank you for your attention to this matter.