| Comment Number: | 522418-07287 |
| Received: | 7/10/2006 11:22:30 AM |
| Organization: | World Financial Group |
| Commenter: | John Petek |
| State: | WI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been in the Direct Selling Industry for over 40 years. I have seen alot of changes and most have been for the good. I have also been in the Financial Business for the last 14 years. I consider myself a real Entrepreneur and this new ruling you are proposing really concerns me. As a financial person I understand where Our Country is headed and it is really frightening. With our Stagering Debt,the loss of our Manufacturing Base and so many other Out sourced services, we can not afford to Punish, Restrain or slow down one of the last glimmers of hope in our Economy, our Direct Selling Industry. I understand your desire to protect the Public, but this new Ruling is Extremely Harsh and unfair. It would restrict Independent Entrepeneurs from their right to effectively and effeciently pursue a new business venture and I am sure that is not your intent. We do not need any more unnecesary regulation in this Country. we need the Government to work side by side with Businesses to be more Productive and Profitable so that we can compete on a Global basis. Please reconsider your position on this critical piece of Legislation. I know this Industry very well and this would criple if not destroy 100's of Legitimate Businesses and ruin the Opportunity of Millions of Everyday citizens to earn badly needed extra Income to support their Families.Thank you for your time in reading my comments. Warmest Personal regards John Petek