| Comment Number: | 522418-07216 |
| Received: | 7/9/2006 10:31:45 PM |
| Organization: | Xango, LLC |
| Commenter: | Ed Warne |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I wish to express my concern for the proposed FTC Business Opportunity Rule.I have been in the Direct Sales Industry for approximately 4 years, and have been blessed by being with an outstanding, caring company. I have not only built my self esteem in this business, but also have helped my communication skills. This business has helped my wife and I, who are both retired on Social Security, suplement our income. I appreciate your efforts to protect the consumer from fraudulent companies, but may I suggest the proposed rule will truly unfairly target legitimate direct selling business's. As I understand some of the rule's under consideration, many are just impractical, such as the very substantial record keeping that would be required. It would be a very difficult for me, just an individual who is trying to build a small business from home, to keep records as would be required. I am very concerned as to the negative impact the rules would have on legitimate business's. The impact could be devistating, as I see it, on the legitimate business's, as they would be all lumped in as the main emphasis would be on the "deception of the direct sales industry". This could literely destroy the very existance of legitimate, honest business's, and thousands of livelyhoods. The proposal in regard to references, is just one of many areas that are of concern. It would be totally impractical. I live in a very rural community, and yet my business is built in many states, and countries, by way of the telephone and computer. In this time of ID theft, litigation of companies, personal earnings information, etc. that could be required by this proposal, is very concerning to me. In closing, I urge you to please consider what defestating effects these proposals could have on ligitimate business's of the Direct Selling Industry. Thank you for considering my concerns in this matter. Sincerely, Ed Warne