Comment Number: 522418-07382
Received: 7/10/2006 5:32:32 PM
Organization: Better Living, Inc.
Commenter: David Natiuk
State: WA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To Whom It May Concern: I appreciate the actions of the FTC to protect consumers from fraudulent activities. I myself have benefited from the rules that allowed me to rescind on the purchase of a timeshare property that would've been a financial burden to say the least. I've been a network marketer since I was 18 years old, and now I am 32. In all that time I have never been "scammed" out of any money by this great industry... although I have lost money on scams in OTHER FIELDS! Because network marketing depends so much on having informed distributors helping others, there is already checks and balances in place. If you want to make a ruling, make it on LARGE SUMS. Do not affect those of us who offer a business opportunity for such a small investment!! $35 is all it takes to join our company, and countless others have such small startup fees that the recent FTC proposal sounds ludicrous and full of government beucracy at its finest. It is not the job of the FTC to teach common sense. Some people have to learn the hard way, and they will lose money on obviously illegal pyramid schemes and other such tripe. The majority of people in Network Marketing are as opposed to illegal schemes as anybody else, and we educate people on the difference. Bottom line is that this proposal is going to affect many hard-working Americans negatively, while still allowing scammers to operate quite effectively anyway. They'll figure out a way, and people who don't listen to reason will still be scammed. The difference is all those honest MLM'ers will not have the same desire to teach and educate because their own businesses will have taken a major blow through such negative FTC impositions. Most sincerely, David Natiuk CEO of GoMangosteen.net and MySimpleForex.com