| Comment Number: | 522418-11319 |
| Received: | 7/17/2006 10:20:30 AM |
| Organization: | |
| Commenter: | Kay Newsom |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
After reading the proposed provisions of this act, it seems many of the diclosure provisions could construe a violation of the right to privacy. This applies to the giving out of names and addresses of already enrolled associates to a prospective associate. This is also particularly true especially in the disclosing of earnings and financial statements. The company I represent has never had a lawsuit filed against them, does provide as much training and support as one could use. It does not require any up-front purchase of products for resale either. It's compensation plan differs from what is termed a "pyramid scheme", it does not rely on "levels" of associates in it's compensation plan. But a home-based business is not much different in scope than one run from an office or store-front. They all have inherent risks and there's no guarantee of success. The degree of success depneds upon the amount of effort put into it by the owner. You cannot purchase a business and then just sit back waiting for the money to come to you. Some of these kinds of opportunity salesmen would have us believe that is the case but anyone who does fall into that kind of thinking is seriously naive. Can't legislate against that no matter how much you try. Abusiness requires work. Some of it must be done before you even start, by checking out the company and investigating it before you put your money into it. Then you have to work to build it up when yourself after you buy in. Some people are just not entrepreneurs and don't make a go of it once they start. Most of the time, it's no one's fault but their own lack of initiative and persistence. They want something for nothing and that is not the way the world works.