| Comment Number: | 522418-02535 |
| Received: | 6/16/2006 4:39:17 AM |
| Organization: | Quality Computers, POAD |
| Commenter: | Phil Jackson |
| State: | WA |
| 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 my livelihood as an independent Business Owner will be significantly effected in a very negative way. As a Person who is disabled and has started in a Business that is economical and can be built more slowly and one that doesn't require so many unnecessary rules and regulations that will effect all of us who are on a small budget due to Health and other related setbacks would be devastated, especially when it comes to taking care of my Family! It would severely increase overhead and waste valuable resources. These undue regulations will put a lot of People out of Business due to high costs of overhead in which they wouldn’t have otherwise, and again stomps on the little guy. While the FTC needs to protect the public where necessary, this proposed rule is hopelessly overbroad and misguided. The seven-day waiting period is unnecessary and will interfere with my ability to enter into lawful transactions and enroll new distributors. People buy TV's, cars, and other much more costly items without such a waiting period. This proposed waiting period gives the impression that something is wrong with the plan. And, the burdensome paperwork, which will not even be read by the public, makes it extremely 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 consuming public and Americans everywhere who are trying to get ahead by starting their own business, or earning necessary supplemental income to help support their family. While I appreciate the work of the FTC in protecting consumers, I believe this proposed new rule has many unintended consequences that could be avoided by a less burdensome approach. Thank you for your time in considering my comments. Sincerely yours, Phil Jackson