| Comment Number: | 522418-06660 |
| Received: | 7/6/2006 11:43:25 PM |
| Organization: | VEMMA and NEW VISION |
| Commenter: | Carol Raynor |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
RE: Business Opportunity Rule, R511993 Dear Sir or Madam: I am writing this letter because I am concerned about the proposed Business Opportunity Rule R511993. I believe that in its presented form, it could prevent me from continuing as a Distributor – and destroy my small business. I have been a Distributor with VEMMA for 2 years and with NEW VISION for 4 years. NEW VISION has been operating for over 10 years. I started my Network Marketing because of the products I loved them and wanted to earn some additional money. Now my family depends on this extra income to supplement our budget. Please don’t destroy my small business with this ruling. Some of the sections in the proposed rule would make it hard or almost impossible for me to sell my products to those that want them. This waiting period will give the public the idea that there’s something wrong with me or our plan and also reflects badly on me. I also think this seven-day waiting period is unnecessary, because VEMMA and NEW VISION already have a 100% buyback policy for all products. One of the most difficult sections of the proposed rule is the seven day waiting period to enroll a new Distributor. People buy TVs, cars, and other items and they don’t have to wait seven-days. Under this waiting period requirement, I will need to keep very detailed records when I first speak to someone a prospect and will then have to send in reports to my company. I am a small home business and this burden hurt or destroy my business. This proposed rule is bad for everyone. Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the prospective purchaser. I am glad to provide references, but in this day of identity theft, I am very uncomfortable giving out the personal information of individuals (without their approval) to strangers. Women in my organization may be subject to sexual or racial harassment so this part can’t go in at all, unless the FTC passes an addition to this rule Prohibiting sexual or racial attacks related to this disclosure. In the end the rule must bind the FTC to take direct enforcement action on sexual and racial attacks with a special unit assigned to monitor actions related to the disclosure forms. That will increase both of our workloads and will result in mountains of paperwork that will cause a burden on both of us. This rule will not stop those you are seeking to regulate. Those scam artists will continue to do what they have always done – they violate the current rule all the time. But I am a good American citizen and it will hurt me. Thank you and please help me. Sincerely, Carol Raynor yourlife@hughes.net