|Received:||6/14/2006 6:44:08 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:It is great to see that the FTC is trying to crackdown on business opportunity scam artists. HOWEVER, the newly proposed rules have several major CRITICAL problems. I have a serious problem with requiring companies to disclose how many sales of their products and services they have made as well as the disclosure of customer data (references). This would be a violation of privacy to disclose customer records this way. And requiring any PRIVATE COMPANY to disclose how many sales they have made (regardless of the type of product) goes against the principles of Free Enterprise that this country was founded upon -- it would only encourage unfair business practices by competitors that would use this sales data to harm the revenue of the original business. Private companies selling products or services that would fall under the proposed guidelines of these new rules would have no protection against competitors knowing their exact revenues for specific products or services. This seems to go against the rights of anyone in the United States that wants to start their own business.