| Comment Number: | 522418-02950 |
| Received: | 6/16/2006 6:12:19 PM |
| Organization: | |
| Commenter: | Gerry Lanctot |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Madam, I am writing this letter because I am concerned that if proposed Business Opportunity Rule R511993 is adopted in its present form, my livelihood as a Nature's Sunshine distributor will be significantly undermined. America was founded on the free enterprise system this has given individuals the opportunity to grow their businesses. This is as true today as it has ever been. I would hate to see one of our most basic freedoms jeopardized. The public is not well served by the FTCs overregulation of an industry that is causing absolutely no harm and more than adequately polices itself by remedying any and all complaints by members of the public. Nature's Sunshine complies with all applicable buy back requirements and always makes it easy for individual to exit the Company, if the business opportunity is not right for them. While FTC needs to protect the public where necessary, this proposed rule is hopelessly overbroad and misguided. The seven-day waiting period is unnecessary and will interfere with my ability to enter into lawful transactions and enroll new distributors. By these actions, the FTC does a disservice to the consuming public and Americans everywhere who are trying to get ahead by starting their own business, or earning necessary supplemental income to help support their family. While I appreciate the work of the FTC in protecting consumers, I believe this proposed new rule has many unintended consequences that could be avoided by a less burdensome approach. Thank you for your time in considering my comments. Sincerely yours, Gerry Lanctot, Manager, Nature's Sunshine Products