| Comment Number: | 522418-03728 |
| Received: | 6/21/2006 7:10:34 PM |
| Organization: | |
| Commenter: | Moore |
| State: | IN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Greetings, I think the FTC has very good intentions behind this rule and that the purpose is not aimed at hurting legitimate businesses as much as its intent is to protect all citizens,including me, from falling victim to hurtful and or fraudulent schemes of which there are many.But this rule,if adopted,can and would indeed have a devestating impact on the direct sales industry and require significant unnecessary changes to the business model and sales methods.It is for this reason that by casting such a wide net,that it will also wipe out any legitimate industry that provides any and all individuals the opportunity to start their own business. The seven day waiting period will certainly inconvenience and dampen enthusiastic individuals anxious to participate in a busines opportunity.It will also create an air of suspicion among prospective puchasers when told that the FTC requires such a waiting period. This waiting period also suggests a level of risk that simply does not exist for the company and many other direct seling companies. I would also like to express my appreciation for the FTC's consumer protection priorities,but at the same time I am concerned about the impact on legitimate direct selling companies.We are all aware that there are many fraudulent groups out there,but at the same time,this particular rule will unfairly target any or all legitimate direct selling businesses and or companies. Thank you for your time, M Moore