Comment Number: 522418-01988
Received: 6/13/2006 11:02:32 AM
Organization:
Commenter: Sherry Morris
State: MD
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To Whom it May Concern, I am very concerned that if the proposed Business Opportunity Rule R511993 is adopted in its current form, my family and livelihood will be devastated. As a small distributor for Synergy Worldwide, with a family of five to support, I believe the over-regulation is completely unneccessary. Synergy Worldwide complies with all buy-back requirements and allows people to disassociate from the company easily. The seven day waiting period is extraneous and will greatly impede my ability to enroll new distributors. Many times new enrollees are not in close geographical proximity to my home. People buy many large ticket items without such prolonged waiting periods. Not to mention the difficult and cumbersome paperwork, with fines for non-compliance! I believe that, as a small business owner of two businesses (only one of which is a network marketing business), this will will inhibit people from supplementing the country's economy by starting small businesses with extraneous regulation that is completely unneccessary. If we are not making money we cannot be spending money as well. I am in a rural area that doesn't even have 10 distributors in a hundred miles. I also worry more about the privacy issues that may arise and open us up to more chances of identity theft. While I believe the FTC does very important work to protect consumers, I think this legislation is burdensome and misguided. There must be a better solution, if there is indeed a problem with network marketing companies representing themselves. I know the FTC is hard at work on the number one fastest growing crime -- identity theft -- and think that should be their primary focus. I know, since I have to put a fraud alert on my own credit report TWICE in the past several years!! Thank you, Sherry Morris