|Received:||7/17/2006 8:20:06 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:There are many privacy violations (and safety issues) this rule would require: Sharing your downline's personal contact information, the company's "refund" percentage and even the lawsuits against the company. I agree that lawsuits against a company are important to consider, but merely having been sued is NOT the same as having been found guilty. Unfortunately, the FTC's proposal does not distinguish between this. If some wacko decides to sue you or your company for ANY reason - you have to disclose it. Plus, now someone you don't even know is being given YOUR personal information so they can contact you and ask you anything they want. Who is the FTC to mandate that your personal information (or ANYONE'S) be given to potential prospects? That's dangerous and irresponsible. But forgetting all of the privacy violations this ignorant rule would require, think about what this means: If you have a hot prospect (whether it be from a lead you generated, a lead you purchased, someone you just met), you basically have to give them a list of all the reasons everything you are telling them should not be listened to. In other words, the government is trying to require you to give them a list of reasons they should NOT consider becoming an entrepreneur (the FTC seems to forget that EVERY business venture has risk.) Then -- to top it all off - you'd tell them to take that document home and look it over for a week. You think after a week of staring at their list AND having been exposed to nay-saying family and friends...anyone would want to join? Heck no! I'll admit, there are many business opportunity scams online and offline, so the FTC is correct in trying to protect consumers and prevent them from getting duped. However, they are going about it in completely the wrong fashion. At what point do we let the government do our thinking for us? The people who are scamming aren't going to care about the regulations above anyway, and the average prospect won't even know about these regulations - so the only thing this ANTI-BUSINESS rule would accomplish is squashing the "good" network marketers. And there are MANY other discrepancies and even safety issues involved with this clueless proposal.