| Comment Number: | 522418-06690 |
| Received: | 7/7/2006 1:11:44 AM |
| Organization: | |
| Commenter: | Virginia Stafford |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am concerned that if proposed Business Opportunity Rule R511993 is adopted my livelihood as a Nature's Sunshine distributor will be significantly undermined. This rule would put government interference in the free enterprise system. The public is not well served by the FTC's overregulation of an industry that is causing absolutely no harm and more than adequately polices itself by remedying any and all complaints by members of the public. Nature's Sunshine complies with all applicable buy back requirements and always makes it easy for individuals to exit the Company, if the business opportunity is not right for them. This propsed rule is hopelessly overboard. The seven-day waiting period is unnecessary and will interfere with my ability to enter into lawful transactions and enroll new distributors. People buy cars, and other much more costly items without such a waiting period. This proposed waiting period gives the impression that something is wrong with what is being offered. The burdensome paperwork which will not even be read by the public makes it extremely difficult for the participant to fully comply, thereby risking fines and penalties for such failures, no matter how innocent. By these actions, the FTC does a disservice to the consuming public and Americans everywhere who are trying to get ahead by starting their own business. Please don't take away the American dream! Thank you for considering my comments.