| Comment Number: | 522418-07307 |
| Received: | 7/10/2006 12:47:30 PM |
| Organization: | Venard and Assoc. |
| Commenter: | Jeannie Venard |
| State: | MO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Thank you for taking the time to read this response to the proposed FTC rules on my business and similar businesses. I agree that there is and there will always be people who misuse the opportunties afforded them in the United States. However, as we continue to move forward in commerce, more rules oftentimes has a detrimental effect on the consumer. In addressing the suggestions: 1. A seven day prohibition waiting period. By that time, prospects will have forgotten many of the details and discussion. This is not an equivlent of purchasing a firearm. 2. A list of references leaves open the opportunity to ask inappropriate questions, interfers w/ privacy, and provides no control over what is asked or answered. This could be very misleading to the propect, and annoying to the people contacted. 3. Listing of all lawsuits, etc. I'm surprised that this suggestion even exists. If that is the case, then all consumers purchasing any item in America should have a 7 day delay of any purchase to check all suits/allegations/legal claims on all items. Why not send each consumer to every court in America to find out who has filed what, when, and why, and read all the text available at Wal-Mart, IBM, License Bureaus, Microsoft, insurnace companies, etc., everything, everywhere. This would stop all commerce in it's tracks, and promote the largest opportunity for scams and deceptive operations known to mankind. 4. Requirment of different disclosures for every income claim. How much time would that take? The number of calculations are infinate. Does the government fall under this type of scrutiny? Enough said. We can regulate and disclose to the point of crippling business venture. Yes, there are bad deals out there. There always will be. Yes there are bad people out there. There always will be. But by adding more layers of tape to the already mountainous volume required currently, all that would be accomplished would be to slow progress, frustate consumers, and give the government a even poorer image. As Calvin Coolidge said, "America's business is business". Let American commerce not suffocate the entrepreneurs w/ regulation, and let those that make bad decisions learn. We already have the Better Business Bureaus. Attorney Generals become aware of scams. The industries have self regulating departments w/in their associations and organizations. We can't protect the person who wants the quick fix. They are the same ones that go to the casinos. And that is another discussion in itself. Thank you