|Received:||7/10/2006 11:13:45 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:To Whom It may concern: re: Proposed business opportunity Rule: I have been actively involved in this wonderful business of network marketing for over 20 years and have made my livelihood helping people to pursue their financial dreams if they are willing to practice certain principles of success. I have personally been affected in a positive way with the health products I sell and market to others in this industry. This business has afforded me, and many other of my business associates and opportunity to excel without limitations. It is all I do and is my livelihood and has been for the past 20 years. The income I have earned in this industry has helped to bring me out of terrible financial debt and allowed me to contribute to society in a positive manner. From a personal development standpoint (and I can honestly speak for hundreds of others in my selling organization), this business model has allowed me to gain confidence in myself and allowed me to develop into a proven leader to others. I could go on an on regarding the positive benefits of this type of business has had on my life and that of others. Just a few comments on this proposed legislation RE: -Seven-Day Waiting Period - I believe it casts "direct selling plans" in a negative light -It will cause record keeping and administrative problems -It causes unnecessary delays -It is simply impractical and will slow my business building potential to a virtual crawl. *Litigation Reporting -I think it is unfair that it does not distinguish between winning and losing lawsuits. I mean, it simply does not make any sense... Besides This has the potential to give me and the company I represent an undeserved bad name. AND If this applied to our industry then why not be fair and apply it to any employer or business that hires independent contractors. References -It is Impractical to find 10 nearest distributors that have signed up for the business opportunity. How would this be administered and monitored/enforced . This sounds like a red tape night mare. ? More un-needed bureaucracy. -This would also compromise the privacy and security myself and that of all distributors. -- I believe this has a potential for ID theft. If the logic behind this ruling is to protect citizens from dishonest companies, then please re-evaluate your approach. We are not one of them, however, and should not be required to implement overly burdensome processes that could potential drive people away from legitimate and enriching business opportunities. I stand by my company's products and my business Associates. Why not grandfather certain companies like ours that have a proven track record from these useless and burdensome regulation. In my opinion it is obvious that these regulations have been prepared by people that have no experience in our industry. and have not considered the positive contribution that our industry has made to this economy and incredible tax revenues it creates for the government. Please reconsider these burdensome regulations.