|Received:||7/3/2006 12:28:35 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Sirs and Madams, The upcoming debate on this rule is significant for the future of many Americans. First, several of the specific paragraphs deal with the actions that are either unworkable or extremely unwise. The seven day waiting period unfairly casts direct selling plans in a negative light. Record keeping and administrative regulations will I cause unnecessary delays and excessive expenses - which will discourage the formation of home-based businesses. Also the litigation reporting is unfair that it does not distinguish between winning and losing lawsuits and settlements without an admission of liability as it constitutes a taint on a business. With respect to the references, it is impractical to find 10 nearest distributors and regularly update the list since it changes from day-to-day, and even hour-to-hour. Not to mention the agregious loss of privacy as personal information is being publicly disclosed . This could easily lead to identity theft, safety concerns, and a general loss of privacy. I appreciate FTC's goal of reigning in fraudulent programs, but the FTC's proposed rule would unfairly catch legitimate direct selling businesses in its scope and cripple the growth of legitimate business.