Business Opportunity Rule #522418-12018

Submission Number:
Jerry Hutchings
Initiative Name:
Business Opportunity Rule
Commission Members, Thank you for the valuable work that you perform on behalf of the citizens of this great country. I know that your work is not an easy task and I don't envy your jobs. I am a home business owner and I have some concerns about the new requirements that you're considering. I began my business in June of 2005, because I had just been laid off and at my age (I'm nearly 60) there were not many options available, and I'm not ready to be a greeter at Wal-Mart. I chose a home-based business model, because of the small investment that was required to get started and I liked what I learned about the integrity and the down right goodness of the founders and leaders of the company for whom I was going to be an independent distributor. I am aware that there are frauds everywhere, praying on unsuspecting people. Many of those frauds use the home-based business model--especially network marketing--to steal not only from their targets, but from those of us who are honest and ethical. They steal the good name of our industry, and make all of us look like crooks. I applaud your efforts to place the foot of the law on their slimey necks. It has been my experience, however, that most laws and rules don't stop the frauds. That's why we have to make more laws and rules, and then make more laws and rules....and still we can't stop them. It appears from looking at the proposed changes in the rules that you are trying to protect the consumer by making it as difficult as possible for the frauds to reach the consumer, and if they do reach the consumer, then the consumer has all the information he/she needs to make an informed decision. I think we already have information overload. There's a fundamental problem at the consumer level as well--"something for nothing" that the frauds are more than willing to appeal to. What's also happening is that the honest folks who are already in business are going to be unduly burdened with having to produce a mountain of data (litagation reports, earnings claims, and references) all of which can be misinterpreted, misused, and get a host of people accused of ID theft, which is already a major problem in this country. And what about the individual, couple, or family who is considering a home-based business? They'll say, "No thanks," to the idea of home-based business when they see the mountain of data they're going to have to keep up with and the expenses that's going to entail--and who wouldn't. As a result of the home-based business opportunity over 13 million people have realized income they never would have had otherwise. This industry is great for the economy and it's great for the people, but it won't be if our legs get cut off by the rule changes you're considering. Please don't make our lives anymore difficult than they already are. Thank you for your consideration. Sincerely, Jerry Hutchings