|Received:||7/16/2006 11:13:14 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am writting in response to certian proposals being made by the FTC and the impact that it will make on legitimate business opportunities. 1. Prospects having to wait seven day before being able to register, would limit the right of the prospect to start their business at a faster pace. In addition an alternative proposal should required a money back gaurantee for all business opportunities. 2.Giving a prospect a list on 10 references would impede on the privacy of the 10 references. It may also open the doors to prospect stealing as well a lines of sponsorships mixing. 3.Requiring a list of all lawsuits, arbitrations, and other legal claims for the past 10years could open the door for false accusations. This requirement is not made on other industries where discolsure of information in regards to opportunity is required i.e insurance and stocks. 4.Requiring Business owners to disclose personal financial documents for income claims again is impeding on the privacy of the one offering an opportunity. As well as open the Business owner up for possible fraud attempts or unneccesary lawsuits. If the purpose of the FTC is to weed out illegitimate business oportunities by putting additional disclosure requirements on legitimate business; dishonest companies would simply ignore the rules. And would operate under the un-ethical standards that currently operate under.