|Received:||7/10/2006 7:07:01 PM|
|Organization:||Stampin' Up! and Amway|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:The FTC Proposed Rule Regarding Business Opportunities is a bad rule from the first regulation. I am a Demonstrator for Stampin' Up! and I also work in the financial institution. I have also been involved with Amway. But this rule seams geared more toward the financial institutions and it looks as similar to the Securities regulations currently in place. Those regulations are there to protect the clients and potential clients. However, in both my DSA businesses the safe guards in place due to their guidelines. I recruit to help someone to help support there hobby by purchasing at a discount, or maybe help a family bring in a little extra for a more secure living. If someone isn't interested or a craft oriented person, most don't join because they are not put in the situation of being asked. Having to provide a 7 day waiting period is not a feasible and providing legal information to all potential recruits is outrageous to even ask of everyday people trying NOT to cheat anyone, but doing what they love and sharing that love as they help others enjoy creativity and worthwhile accomplishments in order to make a difference in someone. To provide information of where the earning are going, not even the Securities Commission require that in-depth disclosure. My earning are mostly for a discount on the products, or if I can a help with a family debt/bill. I am not close to the level of luxurious purchases from my earning and most of us aren't there either, yet this would again hurt what we love to share with others. The paperwork and changing regulations would cause hardest in trying to maintain all requirements on the demonstrator of all levels. I feel your goal on creating this rule was not set out to be a malicious to those most affected most, but in turn it would, please reconsider this rule and re-evaluate the goal to this rule so to better make it more obtainable. I am a full-time mother, part-time employee and a part-time demonstrator with a company, whose products sell themselves. This would directly effect my family and the ability to achieve dreams. Thank you for you time in reading this and your consideration in the points raised.