|Received:||7/6/2006 4:16:47 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Network marketing is not the only industry that requires guidelines. In my past experience as a Realtor (and currently I work in a mortgage company) references are offered. Never was it standard to offer what amount of money I made annually. My commission however was always put out to review. As a matter of fact, there is not an industry that the business people are required to state their income. Why would network marketing be any different? Why should the industry be punished over the few people who choose to do business poorly? As far as offering to potential business partners any and all lawsuits or legal issues the entire company has been involved in, is ludicrous. Why should I put my reputation on the line for things that I may have no knowledge of? Where would we get that information? What other industries involving sales are required to do the same? In the real estate industry, at least in Virginia, let the buyer beware. It is the buyer's due diligence to ask questions and investigate a transaction. The Realtor is required by the Code of Ethics to answer the inquiries honestly. But, it is the buyer who holds the burden of investigation. Why should not a person who is interested in going into their own business be held to a different standard? If they were going to open a restaurant, is it not expected that they do so understanding the risks? With all that said and done, should an independent business person do or say something that is blatantly illegal, immoral or unethical they should be held to the highest standard and suffer the sanctions available to the industry.