Business Opportunity Rule #522418-11215

Submission Number:
522418-11215
Commenter:
Rene Klap
State:
Not in the US
Initiative Name:
Business Opportunity Rule
July 17 , 2006 To: Federal Trade Commission/Office of the Secretary Room H-135 (Annex W) 600 Pennsylvania Avenue NW Washington, DC 20580 From: Rene Klap1, Distributor for Wellness International Network, Ltd. Re: Business Opportunity Rule, R511993 Dear Sir or Madam: I am concerned that if proposed Rule R511993 is adopted in its present form, the livelihood of independent distributors of many decent businesses, such as Wellness International Network, Ltd., will be significantly compromised. There is no need for new rules or regulation. Consumers are well protected by FTC's existing rules. The seven-day waiting period is unnecessary and hampers my ability to enroll new distributors into lawful transactions. People buy cars and other much more costly items without such a waiting period. By adopting this new rule, the FTC does a disservice to the consumers and especially to the Americans everywhere who are trying to get ahead by starting their own business or earning necessary supplemental income to help support their families. I believe this proposed new rule will have substantial negative consequences that could be avoided by a less burdensome approach. Thank you for considering my comments.