|Received:||6/28/2006 8:11:15 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:This Rule would apply to all business opportunities, including vending machine sales, medical billing, and direct sales opportunities, regardless of the entry fee. It would make it unlawful for any person who presents a business opportunity to do so without making specific affirmative disclosures on a federal form to every prospect seven days before the consummation of a deal. The failure to make the required disclosures would itself be a deceptive advertising practice under the proposed rule. The practice would be deceptive even if the underlying business transaction was legitimate. I believe the FTC wants to micromanage business in America. This proposed rule will accomplish nothing but to add an obstruction to legitimate businesses that flurish in our (semi) free market. I ask you to intervene and put a stop to this proposal.