| Comment Number: | 522418-03046 |
| Received: | 6/16/2006 11:35:37 PM |
| Organization: | Independent Distributor - Synergy Worldwide |
| Commenter: | Stephen Lee |
| State: | KY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Madam, My wife Elaine and I wish to express our deepest concerns regarding the proposed Business Opportunity Rule R511993. If adopted as presently proposed, it will have a significant negative impact on our Synergy WorldWide business. I have worked hard for over 15 years as a corporate employee in the information technology industry. My job there is in jeapordy largely due to changes in that industry such as more technical jobs going oversees. The direct sales industry is giving us a great chance to contribute in a positive way to our nation's free market and economy and to create actual and legitimite business income for ourselves like we've never been able to have as corporate employees. We strongly beleive our economy is not well served by such drastic regulation imposed in an industry that is now starting to flourish and is not harming the market or individuals in any way. We should have the right to conduct business openly and fairly just as any other small or large business in the United States. Our company, Synergy WorldWide complies with all applicable buy-back requirements and always makes it easy for individuals to exit the Company, if the business opportunity is not right for them. We are grateful to have the FTC to help protect the public where necessary, but this proposed rule goes way too far and is misguided. We're stongly opposed to the seven-day waiting period -- it is unnecessary and will interfere with our ability to conduct lawful transactions and recruit new distributors. The public is allowed to buy products such as automobiles, appliances, and even more constly items without such a waiting period. Direct sales is a legitimate and fine industry that only gives the public more options to choose from and that's what our country should be all about protecting. Also, more burdensome paperwork that will never be read by the public will make it extremely difficult for individual participants to fully comply. Please don't side with the large corporations who want to take this option away -- leave people the opportunities they should have in our free market society. Please don't make it harder and harder for folks to enter into small business or supplement their family income in this fair and legitimate way. Thank you for your consideration of our comments. Sincerely yours, Stephen and Elaine Lee