| Comment Number: | 522418-03413 |
| Received: | 6/19/2006 6:27:04 PM |
| Organization: | Goldshield Elite |
| Commenter: | Chris Corkum |
| State: | Not in the US |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-03413.pdf Download Adobe Reader |
Comments:
Federal Trade Commission/Office of the Secretary, Room H-135 (Annex W) Re: Business Opportunity Rule, R511993 600 Pennsylvania Avenue, NW Washington, DC 20580 RE: Business Opportunity Rule, R511993 Greetings FTC My name is Chris Corkum , I am a Independent Distributor for Goldshield Elite. I been selling there products since 1998, my wife and family have grown acustomed to having the extra income it generates to help pay down bills. This ruling would affect my business i have now with them and the loss of income would hurt our livlyhood By imposing a seven day waiting period basicly would dicourage new members from joining up, i spent years learning this business, honing in on new skills that is required to run a business and building trust with each person i had the pleasure to deal with In summarry Seven-Day Waiting Period -Casts direct selling plan in a negative light -Record keeping and administrative problems will arise -Causes unnecessary delays for new members Litigation Reporting -Unfair that it does not distinguish between winning and losing lawsuits References -Impractical to find 10 nearest distributors -Privacy issues due to ID theft and safety Appreciate FTC’s Goals, But -Understand that there are fraudulent groups out there, but the FTC’s proposed rule would unfairly target legitimate direct selling businesses such as Goldshield Elite So in closing i can not agree that such a ruling should be allowed to go through. I run a honest business here and depend on the income it generates for me and my family Regards, Chris Corkum