| Comment Number: | 522418-03212 |
| Received: | 6/18/2006 10:01:54 AM |
| Organization: | |
| Commenter: | Nathan Davis |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Twenty-four years ago I was introduced to the concept of starting my own business. The $99.00 start-up cost, the ability to work at a pace that fit my lifestyle and having a support system in place were very attractive to me... I joined. The business was called Multi-Level Marketing. There was no waiting period, the start-up fee was less than $100.00, and I was in control of my business future and could make money at the same time! My job provided no future financial growth. I understand the complex mission the FTC has. Business Opportunity Rule, R511993 will not deter the criminal element... harsher, meaner punishment may. As a business owner, I will spend time, money, the loss of public trust and growth to comply with the rule if imposed. Crooks will fabricate what they need (they are dishonest). Punish the offender. Don't kill the potential for people like me. If I were presented 24 years ago an opportunity with a 7 day wait, costing more than $500.00, with incomplete litigation reports, earnings claims and references... I would still be a depressed employee. I don't believe the FTC's mission is to kill anyones dream... Business Opportunity Rule, R511993 will do just that. Punish the offender not the industry that provides opportunity. Sincerely Nathan Davis