Comment Number: 522418-09625
Received: 7/14/2006 8:56:19 PM
Organization:
Commenter: Joyce Garton
State: IN
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

Dear Sir or Madam, I am writing this letter in regards to Business Opportunity Rule R511993. I believe this bill as it now is stated could prevent me from continuting as an Independent Gano Excel Affiliate. I understand and appreciate the FTC's dedication to protect the public from unfair and fraudulent practices. However, the ruling, in its proposed from would make it nearly impossible for me to continue selling Gano Excel products. The seven day waiting period section of the proposed ruling would make doing business very cumbersome and would appear to the prospective affiliate in a negative way. Why, when there is now no proposed waiting period to purchase other such items as cars and houses, would the FTC consider this a fair and necessary ruling in this arena? That the ruling also calls for the disclosure of all lawsuits regarding deceptive practices regardless of whether the company was found innocent or not. This ruling would myself and my company Gano Excel at an extreme unfair advantage as it is well know today that anyone can sue another for almost anything. Finally, the section of the ruling requiring a listing of prior purchasers, sets up all kinds of possibilities for identity theft and sexual harassment. I recently became involved with a fine company called Gano Excel and I have been so excited about having the freedom and opportunity to develop my own business. I am 55 years old and due to prior circumstances my husband and I have not had much opportunity to set aside for our nearing retirement. This business has the potential to provide such a means. I chose to believe the FTC's motives for any ruling is the proteection of it's constituents. This ruling, to me, does just the opposite. Thousands of hard working tax-paying individuals would most possibly be put out of work with the passage of this ruling. I would ask you to reconsider this ruling and develop some less burdensome rules to achieve its goals. Thank you for your time and consideration. Sincerely, Joyce A Garton