| Comment Number: | 522418-03522 |
| Received: | 6/20/2006 3:35:10 PM |
| Organization: | Financial Destination Incorporated |
| Commenter: | Kevin Comer |
| State: | KY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-03522.pdf Download Adobe Reader |
Comments:
June 20, 2006 Dear Sirs: The proposed New Business Opportunity Rule R511993 represents a malevolent and disturbing move against our economy. I feel it would not only hurt my own company, but a growing, already scrutinized and very respectable industry where the individual, not the corporation, has the opportunity based on personal responsibility and hard work. I helped found Financial Destination Incorporated not in title, but in deeds! We bundle and offer high end financial products and services to people priced out by corporate America. We are just 3 years old and already have some 18,000 members and are in all 50 states. We have already helped so many people! I have shared this opportunity with my closest friends and family. It can be best described as triple a for money. The seven day waiting period to enroll new members? This is clearly designed to sabotage this industry. Try pulling that with the real Triple A, or Geico - you name it! I keep very good records, but what you are proposing is, by design, clearly intended to make almost any opportunity too cumbersome for anyone to undertake. Elimination of the $500 threshold rule is also clearly designed to dissuade people from benefiting from word of mouth related products and services. While I have no litigation against me, and neither does Financial Destination Incorporated, this disclosure of prior litigation should be applied to corporate America as well if you intend to stick it to us. I want to see what happens to Wal-mart's stock when the lines at the cash register wrap twice around THAT building because the cashiers are prattling off the history of Proctor and Gamble because the missus needed talcum powder! About the demographic/geographic data and earnings claims? What is this, the Financial SS!? How much do you people make every month?! Disclosure of 10 prior purchasers nearest to the prospective purchaser is a violation of privacy on everyone's part - I (want to see you communists put that rule to the car dealers - the big corporate ones! You clearly have no interest in protecting consumers. This plan is a whitewash and deliberately instigated by CNBC types who are now threatened by a growing trend among U.S. citizens to buy and sell goods and services from each other rather than our masters, the corporate machine, that feeds off us all. The tax breaks are working - small businesses are getting a leg up. And people are getting free-er, despite rising oil costs. Now is not the time for you to support the evil empire of corporate America that is starting to lose market share to the way the people want to do business. The end result of this entire proposal would cripple the smallest of businesses, eliminate the only respectable competition against the super-corporations and severely hurt our already over-burdened economy. Our industry is the most policed on Earth! When something is wrong - it is shut down - when something is right, it grows, and is thus becoming a threat to super-corporations because of it, obviously much to your chagrin! That you would have the utter gall to attempt anything so blatant is utter new world order madness! Kevin B. Comer Proud home Based Business Owner Financial Destination Inc.