| Comment Number: | 522418-02925 |
| Received: | 6/16/2006 5:14:56 PM |
| Organization: | |
| Commenter: | Daniel OldenKamp |
| State: | MO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I would like to express my concerns about this ruling. I have been involved with a network marketing company for over about a year and a half, an it has brought me a nice supplemental income. I has helped me improve my persoal communication skills, and encouraged me to have more confidencein myself. I appreciate the FTC's mission, and understand that this ruling is meant to protect the public from frauds and illegitimate business out there, but it seems to unfairly go more against the good companies. I would like to address a few issues: 1. Seven Day waiting period. I personally have enough problem trying to keep track of who I need to follow up with without having to do this as well. It will be an administrative nightmare to keep records of all of this. I find that it is totally impractical. Most people have already studied the company for at least that long before they join up. 2. References Any "fraud" out there would easily make people up, or have that many people involved with them. For the ligitimate people like myself, it is ludicrous to know who he 10 nearest people are. And with all the ID theft going around, it would simply increase the odds of distributors information being leaked out. Thank you for your time and consideration in this matter. Please don't pass this as it stands. It will only hinder the good companies out there.