|Received:||6/19/2006 11:56:36 PM|
|Organization:||Cookie Lee, Inc.|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I think the FTC might be headed down the right road, in creating some rules. HOWEVER, some of these rules are ridiculous. Such as, keeping records for 3 years, 10 references, the disclosure of personal information is a violation of the privacy act. If someone wants to join a "business opportunity", let them be the ones to do thier own investigating and research. Someone interested in starting their own business must be smart enough to research what they are getting in to. All of the MLM and quick money schemes have just as many opposers and nay-sayers as they have people with positive outcomes. It's all a matter of commitment and educated decision making. Don't ruin it for people like me and my collegues who hold a legitimate business and have fun doing it. These rules should be applied to business opportunites where money is required to see what the "program" or "product" really is. These kind of business opportunities are deceiving and suck people in with a bunch of hype, only to let them down after giving up anywhere fro $30 to thousands. These companies need these rules- not the companies who enlist the help of Independent Consultants who are absolutely clear on exactly what the business is and what they do and how they do it. This is all the information needed for a prospective business owner to make an informed decision. Applying these rules to legitimate businesses is only going to put a lot of people out of a job they love and make our lives harder. At the same time, it will directly effect the consuming economy, filling the faithful customers with skepticism and reserve. This is not necessary when all the information and product is right there for them to see, touch, smell, taste, etc... Don't enforce these ridiculous rules on legitimate businesses. Do the research in finding the illegitimate, unclear, mis-construed, "pay before we tell you" companies and apply the rules to them!