Comment Number: 522418-09727
Received: 7/15/2006 12:58:27 AM
Organization:
Commenter: David Elliston
State: ID
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I would like to offer a few comments on some of the proposed rules, first being the proposal of requirment to provide references. it is my veiw that doing so would be a much bigger hurt then help in this case, first being that it would be a huge invasion of privacy to the people on that list and second who is to say the person you have calling them all wont get talked into doing business with one of the poeple listed. this hardly seems fair to the person doing the work to have their prospect that they did the work to contact end up doing business with someone else they called. this really kills the incentive to work hard in our great free enterprise country. I would like to take a moment and say i am all in support for having a standard that "ALL" opportunitys would be asked to follow this is a great help in keeping a level playing field and help keep the fly by night people from hurting the industry and taking advantage of innocent people. I beleave giving the prospect information they need to make an intellegent and informed decision is important, and this leads into me next comment. this can be done without the requirment of showing them fiscal records, to be required to open your personal fiscal records for a stranger that my or my not even be interested in what you are doing, is not only extreamly dangerous to the person whos records are open, this would be such an easy way for people to get identity theft and lead to many many more problems down the road, to share you personal finances with strangers is not only dangerous to the person involved, it is also a HUGE invasion of privacy and would make them easy targets for criminals. I would also like to comment on the proposal of listing litigation, we live in an age where anyone can bring a case against anyone else for any or even no cause, the number of down right silly law suits is stagering, imagine for a minute having to read all of the law suits true or false before you are allowed to shop at wallmart. most people have no clue nor do they much care, they shop there because they think it is a good deal. it is my opinion that this is more harm then good and really cripples the small business owner out there trying to be a part of this great free enterprise country. and finally the proposal of a 7 day waiting period, this while seeming like a good idea to help people not get tricked into doing some scam, i beleave that a money back no questions asked is far better for a simple reason, let's use costco in this example if your friend tells you about a really good buy on some stuff you been looking for at costco so you run down there and try to get a membership, but they tell you a new rule makes it where you have to wait 7 days to be able to come back in and get the stuff you wanted, and of course the sale my be over by then. is this good for the customer? not hardly he wants what he wants and he wants it now and he has other things to do, we are all busy. is this good for costco? again not good at, they will start losing customers to places that will sell the items customers want when they want them. in this case costco would start to report huge losses and will more then likely be forced to close some stores to keep from going under. such a law only makes it harder on not only on business owners, but the customers themselves, and with a money back offer, if the customer is not happy he gets his money back end of story. I would like to take the last of the space here and say thank you all for allowing our voices to be heard and considered in this proposal. asking the people who are out in the trenches is always the best way to get a good idea of how things work and sets the stage for improvment.