|Received:||7/13/2006 10:44:00 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am concerned about the proposed rule. This business provides over half of my familys income and this would probably limit the growth of my future income. I support disclosure of the opportunity information but it is unrealistic to have a seven day waiting period before you are able to register someone into your business. This is not imposed on other industries such as the automobile industry. If you sold someone a car and had to reveal how much profit you made from the sale of the car and how much profit you would make on the trade in and had the new owner wait 7 days and give them a list of all of the people that thought they had been sold a lemon by that dealership for the past 10 years you would probably kill the car sales industry. In our business there are so many variables that generalized disclosure could prevent someone from making a viable business because the average distributor earns $115 per month. When many of us are making considerably more that that and have viable businesses. Many people get involved to buy the products at wholesale prices and have no intention of making a business of the opportunity. These distributors are figured in the calculations. Revealing lawsuits makes no sense either. Most of the lawsuits involved with our opportunity are not of the products and sales but have to do with the support system ie: tapes books seminars etc. The most sued company in America as I understand is Wal_Mart. I don't see disclosures pasted all over their stores regarding all of the lawsuits they have had for the past 10 years. Most of us involved in the industry are hard working people trying to build a business to support our families just like any other industry or job. To single us out makes no sense. I think the FTC should take decisive action when you learn of unethical practices but should not over regulate or cause rules that will kill the businesses of those of us that are ethical business owners. Most decisions to buy anything are based on emotions, not on logic. Many industries such as the car industry capatilize on this fact. If you wait for 7 days to sell a car, insurance policy, savings plan etc. it would seriously cripple those industries and it will do irreparible damage to ours.