|Received:||7/3/2006 2:57:49 PM|
|Organization:||IBO Development Group, Inc|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:While I totally support action to legitimize all information used to develop every business opportunity and keep fraudulent and misleading information completely out of the process, I know from over ten(10) years experience talking with people about a "business opportunity", most people are: #1 not anywhere near where they would like to be financially and #2 their own biggest enemy. The proposed regulations having to do with a "7 day waiting period" would devastate their chance to move forward with their life because negative information, much of which is incomplete and inaccurate will scare them. The requirement to inform them of legal action will likewise stop them from moving forward. Much of the legal action is yet not fully processed which would be totally unfair to everyone involved. After all, every bit of our effort over the years has been totally dedicated to working to help people, yet I have been accused of almost anything you can imagine. Losers always want to blame someone else. I have a big problem with personal income disclosures. Whatever I make would be totally misleading to someone considering our business opportunity. It's totally fair to ask the question,"does this actually work?" . It's totally unfair to any individual to represent to them whether or not it will work for them. That's up to them. I've always been told NOT to discuss money because the FTC wouldn't permit it. Further, if someone thought that their name would possibly be used in the process of discussing the business opportunity with others, I'd guess that would definitely get in the way of some who need a way to improve their finances. In conclusion, I'm very worried that MORE RULES will really hurt legitimate efforts. I can't imagine that there aren't already sufficient RULES in place that, IF ENFORCED, would drasticly slow down the troublemakers.