| Comment Number: | 522418-01170 |
| Received: | 6/6/2006 6:16:09 PM |
| Organization: | |
| Commenter: | Robert Wu |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am concerned that if proposed Rule R511993 is adopted in its present form, the livelihood as an independent distributor of many descent business such as Nature's Sunshine will be significantly undermined. There is no need for more new rules or regulation. Consumers are well protected by FTC's existing rules. The 7-day waiting period is unnecessary that hampers my ability to enroll new distributors into lawful transactions. People buy cars and other much more costly items without such waiting period. By adopting this new rule, the FTC does a disservice to the consumerssssssssss and Americans everywhere who are trying to get ahead by starting their own business, or earning necessary supplemental income to help support their family. I believe this proposed new rule has many unintented consequences that could be avoided by a less burdensome approach. Thank you for considering my comments. Sincerely,