|Received:||7/13/2006 12:21:40 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I was like many of my friends in my late 30's, married, kids, debt, and just like many of my friends, I was headed for bankruptsy and divorce. I was introduced to a business opportunity that talked about financial freedom, and taught financial education. After 3 years, I have matched my income as an auto mechanic, and unlike my parents, I will not have to rely on Social Security for my retirement. This proposal may have started with the intensions of protecting people from scams, but similar to gun control, the restrictions will hurt only the honest, hard working individuals. The scam artists will only move on to greener pastures. I recieve many letters and e-mails from companies I have never heard of, some even seem to be modeled after Quixtar or it's Amway cousin. If policeing is necessary, I believe it needs to be at the corporate level to see if there are rules of conduct with the necessary man power for enforcement, and financial resources for long term stability. We are at a turning point in our history as we change from the Industrial Age to the Information Age. The availability of Free Enterprise to Mr. and Mrs. America at a low start up cost to has returned to rekindle the the American Dream, and, at least in Quixtar, bring back the idea of family values, instead of day care teaching our children their values. I guess what really bothers me about the proposition is that over the last 5 years I have watched thousands of people lose millions of dollars in the stock market, and now I am going to be shacked by restrictions in a business opportunity where I have to help someone else make money before I make any money? The proposition would be similar to the Catholic Church posting how many priests have had inappropriate incidents on every one of their church doorsteps.